The report of Samsung for the first quarter of 2020 is published
Samsung Electronics reported for the first quarter of 2020. During the reporting period, the South Korean manufacturer received about $ 45.4 billion in revenue. Compared to the previous quarter, this indicator decreased by 7.6%, but in annual terms, it grew by 5.6%. Operating profit was $ 5.3 billion. Compared to the previous quarter, it decreased, but over the year it increased slightly.
Samsung revenue for the year grew by 5.6%
The drafters of the report note that the performance of the memory division has improved due to the growing demand for memory for PCs and servers. Sales of mobile memory remained unchanged. At the same time, sales of other microchips for mobile devices have grown.
The display business has been faced with declining demand for displays for mobile devices. This year, the impact of the COVID-19 pandemic has been added to the seasonal factor.
The profit of the unit producing mobile devices has increased – both in quarterly terms and in annual terms. This is largely due to the success of the Galaxy S20 line of smartphones.
The performance of the consumer electronics division, which produces televisions and household appliances, has deteriorated. As for TVs, the manufacturer writes off the decrease in sales by increasing competition.
