campaign against Huawei has increased chip inventories with the Chinese company being one of the Korean tech sector’s biggest customers.Ĭhip prices have continued to fall since late last year but Samsung shares have gained nearly 20 percent so far this year on expectations of a second-half recovery in the chip cycle. The poor earnings guidance comes as the semiconductor industry recovery is being delayed by the slowing global economy, the US-China trade war, and the export controls on Huawei. This would be Samsung’s lowest profit since Q3 2016. Samsung expects revenue of 56 trillion Korean won ($62.5 billion CAD) in Q2 2019, compared to 58.48 trillion Korean won ($65 billion CAD) a year ago, and an operating profit of 6.5 trillion Korean won ($7.3 billion CAD), compared to 14.87 trillion ($16.6 billion VAD) Korean won YoY, which is down 56.2% YoY. Samsung has issued guidance to investors ahead of its Q2 earnings report, and it’s not going to make investors happy.
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