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Revenues from Samsung reveal a huge drop in profits for the end of 2018



In its full revenue report for Q4 2018, the Korean conglomerate revealed that it posted 59.27 trillion Korean wins ($ 53.4 billion) in quarterly revenue, down 10 percent from the same period last year. His quarterly operating profit of 10.8 trillion Korean Won ($ 9.7 billion) was also reduced by 29 percent over the same period in 2017.

Samsung said the memory business (NAND and DRAM) suffered from "macroeconomic uncertainties and adjustments in inventory levels" from customers that include data centers and smartphonemakers. The division was probably hit by the slower global sales of smartphones, which also had a strong impact on Apple's revenue from October to December last year. In fact, the company expects slow sales of smartphones to affect its mobile display in the first quarter of 2019.

The mobile division itself suffered a quarter-fourth quarter profit drop due to the weak market, and Samsung does not believe it will change anytime soon. It is said that the demand for smartphones and tablets is planned to fall even further for Q1 2019 due to seasonal slowdown, although we hope that the Galaxy S10 will be unveiled next month, and other upcoming guiding signs can help sales in the coming months.

The technical giant believes that the problems that caused a sharp decline in the fourth quarter of 2018 will continue and warn about worse revenue for 2019 due to the weak demand for memory chips. Accordingly, its poor performance for the Q4 2018 did not affect its figures for the entire fiscal year: it generated revenue of $ 243.77 trillion ($ 220 billion) in revenue and 58.89 trillion won ($ 53 billion) in operating profit for the whole of 2018, making it the second year in a row that the company managed to set record financial results.


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