Samsung’s Earnings for 4th Quarter 2019
Opposed to popular notions, Samsung has made known the earnings they received from the last quarter in 2019 and these numbers are really unimpressive. There are speculations that the profit used for operation will take a downward toll of about 30% and the sales will remain at a standpoint yearly. Cross referencing this with Q3 2019, the sales have gone down 6.5% and the profit has also reduced a bit below 9%.
Samsung has a habit of making known all of its earnings with all the details of all departments at the end of the month that ends a quarter. It assists them in knowing which department is to blame for insufficient performance during the holidays. Just last week, they introduced 2 new smartphones that might just up their sales. The Galaxy S10 Lite and Galaxy Note10 Lite have been seen to be a lot more affordable and they are assisting the company to explore their smartphone portfolio.Source