Samsung suffers as smartphones struggle

Samsung recorded continued weakness in its mobile unit in the first quarter of 2019, as competition intensified in the low-end to mid-range segment during weak global smartphone demand. Despite reporting solid sales of the new Galaxy S10 [1], which went on sale in several markets on 8 March, revenue at its IT & Mobile Communications division fell 4.4 per cent year-on-year to KRW27.2 trillion ($23.4 billion). The division’s operating profit declined 40 per cent to KRW2.27 trillion. The vendor...

Source : https://www.mobileworldlive.com/devices/news-devic...