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Samsung earnings for Q3 2019 look bad, but still stable – Android Authority

Samsung earnings for Q3 2019 look bad, but still stable – Android Authority

At some point soon, we expect to see the official Samsung earnings report detailing the company’s finances for the third quarter of 2019. In preparation for that report, the company released an official forecast for investors that gives us a little bit of an idea of what to expect.In a word, the forecast looks bad.…

A watch of the Samsung Ride Store in Long Island, from the outdoor attempting in. The Samsung emblem is above the entry.

In the end soon, we demand to ogle the legitimate Samsung earnings document detailing the firm’s funds for the third quarter of 2019. In preparation for that document, the firm launched an legitimate forecast for merchants that offers us a bit little bit of an map of what to demand.

In a be aware, the forecast looks imperfect. Twelve months-over-year, we demand Samsung to put up revenue that’s literally half of as appropriate kind because it became once within the same quarter of 2018. That Q3 2018 number became once moreover a bit down from Q3 2017. Ouch.

The legitimate Samsung earnings forecast sheet says the firm expects to put up an operating revenue of about 7.7 trillion Korean obtained (~$6.44 billion) for Q3 2019. That’s 56% now not up to it made in Q3 2018 when it made 17.57 trillion Korean obtained (~$14.7 billion).

Alternatively, these two numbers don’t repeat the total epic. For instance, the expected Q3 2019 profits will in all probability be greater than what the firm made in Q2 2019, which became once 6.6 trillion Korean obtained (~$5.5 billion). That’s a nice silver lining.

Linked: Uh oh: Samsung complications a first-ever preemptive warning for its upsetting Q1 earnings

Factual the numbers moreover wouldn’t repeat you that Samsung is slumping within the same suggestions that its competitors are slumping. Samsung’s necessary cash-maker one day of the last few years has been chips, however that total alternate is in a downturn. In response to alternate analysts speaking with The Korea Herald, Samsung is if truth be told doing remarkably smartly pondering how abominable the demand is for chips universally.

For sure, the gargantuan quiz putting over this drawing terminate Samsung earnings document is how cell sales are doing. The forecast document doesn’t demonstrate something else about sales of the firm’s most contemporary flagship, the Samsung Galaxy Blow their personal horns 10, or any cell devices, for that topic. This is in a position to perchance also be inspiring to ogle how Samsung’s gargantuan gamble of switching to a two-tool diagram with the Blow their personal horns 10 line — and casting off the headphone jack — fares with patrons from a sales perspective.

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