Samsung estimates a 56% fall in profit even as Apple reimburses $684 million

Samsung has sent out its earnings guidance for the April-June period today and it corroborates reports that its profits will nosedive due to a weak memory chip market. Samsung estimates a 56 percent fall in its operating profit in Q2 2019 compared to the same period this year.Q2 2018 essentially …

Samsung’s Q2 profit likely took a big hit due to poor memory chip sales

Samsung’s smartphones may get a lot of media coverage, but they are not the major contributor to the company’s bottom line. That title has been held by the company’s semiconductor business for many years now. So, when the US government came down heavily on Huawei, more than helping Samsung’s smartphone …

Q1 2019 earnings report: Samsung posts its lowest profits in three years

A few weeks ago, Samsung released its earnings guidance for the first quarter of 2019, estimating a 60% decline in operating profits. The company has now published a detailed report confirming that projection with an operating profit of 6.23 trillion won (about $5.35 billion), a drop of 60.2% from 15.64 trillion won a year ago. …

Samsung’s Q1 2019 earnings guidance suggests a 60% drop in profit

Samsung just released its earnings guidance for the first quarter of 2019, and things don’t look good. The company estimates a 60 percent year-on-year decline in operating profit in the three months ended March. Samsung was already expecting this steep decline, and had issued an unprecedented warning for investors of bad news …

Samsung’s surprise warning shows weaker chip sales hurt Q1 earnings

It’s not common for public companies to release statements about quarterly results before an upcoming earnings guidance. The guidance serves as a benchmark for the market to base its predictions for the full quarter earnings on. Samsung released a surprise warning today, saying that it would most likely miss market …

TSMC hopes to make up lost orders from chemical flub

Taiwan Semiconductor Manufacturing Company, Apple’s supplier for the A-series chipsets on the iPhones, is expected to lose out on $550 million in sales this quarter. The company told investors in a forecast revision that it had to take out a higher number of 12nm and 16nm wafers due to customers …

T-Mobile won’t raise phone plan prices for 5G, but it will offer more services

T-Mobile’s rising financial star continues to fly high in the fourth quarter of 2018 with revenue up 6.6 percent from a year ago to $43.3 billion with operating income of $5.3 billion, up 8.6 percent. In its earnings call, T-Mobile CEO John Legere tackled several issues including concerns about the …

This is the first Spotify earnings report with net income

For the first time in its decade-long life, music streaming platform Spotify has recorded operating profit and net profit. It also had the first quarter with positive cash flow. For the fourth quarter, it had total revenue of €1.495 billion, up 30 percent year-over-year, with turnover of €399 million. After …

Samsung Q4 2018 profit declines by 29 percent due to weak demand

The Korean conglomerate reported its earnings result for the previous quarter today. Samsung Q4 2018 profit has declined by 29 percent compared to the same period last year. The company says that it’s due to weak demand for its memory products and more headwinds for its mobile and display business.Overall, …

Apple 1Q19 earnings mark first holiday decline since 2000 [U]

Apple has released its earnings for its first fiscal quarter of 2019 that ended December 29. The top-line results: $84.3 billion in gross revenue, a 5 percent drop from the year-ago period — well below early market consensus of $93 billion. Operating income slumped 11 percent to $23.3 billion. iPad sales …