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Apple's weak iPhone sales are causing harm to Samsung



Lower chip prices and drop in demand for OLED panels made Samsung announce Tuesday morning that first-quarter earnings will not meet analysts' expectations. It was only last week when the company said at its annual meeting that a slower growth in the world economy, coupled with weaker chip memory sales, would be driving revenue this year. next week. Market assessments provided by Refinetiv SmartEstimate call on the company to report an operating profit of 7.2 trillion thousand (equivalent to $ 6.4 billion) for the period from January to March. This would be a 54% reduction compared to the same period last year of 15.6 trillion profit that Samsung reported during the same period last year. Revenue is expected to fall from $ 60.6 trillion to $ 53.7 trillion, down 1

1.4%.

Earlier this month, Samsung released the Galaxy S10e, the Galaxy S10 and the Galaxy S10 +. "Lite" Samsung Galaxy S10e gained 9.2 (out of 10) in our model review, while the other two phones had 9 (again 10).


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