Samsung Q2 earnings guidance shows slowing smartphone business

Samsung smashed records for operating profit seven quarters in a row, but the streak is done, according to the company guidance. The Korean giant just announced its earnings guidance for Q2 2018 - consolidated sales are expected to be approximately KRW58 trillion ($52 billion), while the consolidated operating profit should be around KRW14.8 trillion ($13.25 billion). The estimated numbers fall short of the Q1 2018 results when sales were KRW60.56 trillion ($56.2 billion). Operating profit was an all-time record, reaching KRW15.64 trillion ($14.5 billion). According to analysts,...

from GSMArena.com - Latest articles https://ift.tt/2zlK46m
via IFTTT