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Hi-Tech / Mobile communication

The profit of Samsung fell by almost 30%

MobiDevices – interesting magazine about technology! 08.01.2019 at 19:00

Magazine about gadgets and technologies. Analytics and objective opinion. Seriously and with no ads.

Samsung unveiled its preliminary forecast on the financial results of the IV quarter of 2018. However, the actual numbers may be slightly different from specified in the report. According to the forecast, the income of the South Korean company for the year will be approximately $52.4 billion, which is 11% lower than last year at $58,89 billion of Samsung's Operating profit is forecasted to total $9.6 billion, almost 30% less than 2017 ($12,48 billion).The reasons for such an impressive profit decline Samsung we can find out in the full report.