Samsung guidance sees 56% fall in profits for Q2 2019

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As expected Samsung will suffer a significant drop in profits for the April-June period. The company released its earnings guidance report today and it marks the third quarter in a row with a decline in profits. This time around Samsung is expecting KRW 6.5 trillion ($5.56 billion) in profits compared to KRW 14.87 trillion ($13.3 billion) a year ago. Revenues are estimated to decline by a mere 4% going from KWR 58.48 trillion ($49.92 billion) to KRW 56 trillion ($47.89 billion). Looking for the culprit in Samsung's financial struggles is easy - it's the stagnating semiconductor...

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