Samsung announces its financial results for the fourth quarter of 2019
Samsung announces its financial results for the fourth quarter of 2019

Samsung is relying on data centers and network-compatible 5G smartphones manufacturers to gradually restore demand for memory chips and restore them in 2020 after seeing the worst operating profit in four years.

The world's largest smartphone and smartphone maker said cautiously on Thursday that it could not rule out persistent trade tensions between China and the United States and growing concerns about the economic effects of the new Corona virus. The ability to stop demand growth. China and other regions.

Samsung witnessed fierce competition in the smart phone market between the smart phone market and two companies that rely on two screens and screens from Apple and Huawei: due to the low demand for chips, the results of the profits achieved by the company registered in the fourth quarter of 2019, a decrease of 71,600 billion won ( $ 6.13 billion), down 34% compared to the same period in 2018.

These figures are in line with the company’s expectations, but last quarter’s net profit fell 38% to 5.2 trillion won, which means that Samsung fell below 5.6 trillion won.

The October-December quarter was marked by a large number of year-end inventory declines that caused price falls and led to a trade war between China and the United States that plagued global supply chains and consumer demand. possibility. The operating profit of the Korean group last year was the lowest since 2015, at 27.8 trillion won.

Samsung said: It also expects profit to decline in the first quarter of 2020, reflecting the low seasonal demand for slides and offers.

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