Home News Samsung Says its Galaxy S10 Series had “solid sales” for the First...

Samsung Says its Galaxy S10 Series had “solid sales” for the First Quarter

Samsung declared its first-quarter profit yesterday; the company said that while outcomes for the period were negatively affected by frail demand for memory chips and displays, the Samsung Galaxy S10 series had “solid sales.” While generally, demand for smartphones diminished in the quarter because of seasonal shortcomings, revenue for the division rose consecutively from the final quarter of 2018 due to the Galaxy S10e, Galaxy S10, and Galaxy S10+.

Samsung Galaxy-S10

Samsung noticed that development in handset shipments was harmed by a revamping of its low and mid-range phones. This promoted lower sales of past models. During the quarter, Sammy supplanted the Galaxy J mid-range line with the Galaxy A series. The new units include larger capacity batteries, multi-camera setups in back, in-display fingerprint scanners and faster charging. Yet, the cost of equipping the Galaxy A phones with higher-end specs, alongside expended marketing costs, reduced the benefit of the unit.

In spite of continued seasonal shortcoming expected for the second quarter, from April through June the company expects somewhat higher smartphone request contrasted to the first quarter. Samsung says that phones like the Galaxy S10 5G and Galaxy A80 will help strengthen its lineup for the present quarter. For the second 50% of this year, the Galaxy Note 10 and new Galaxy A models will help Samsung ride the influx of solid seasonal request to create stronger outcomes. The Galaxy Fold should likewise contribute during the last half year of 2019, along with its 5G devices. During the third and fourth quarter of the current year, Samsung’s smartphone business will likewise improve as the company tries to cut expenses in the division.

Also Read:

For the first quarter, the mobile division produced 27.20 trillion Korean Won in revenue contrasted to 28.54 trillion Won during a year ago Q1. While down year-over-year, revenue ascended from the 23.32 trillion Korean Won collected by the unit last quarter. Operating benefit for the initial three months of the year reached 2.27 trillion Won. That was down 40% year-over-year from the 3.77 trillion Won in operating benefit announced by the company a year ago. Still, it was 50% higher than the 1.51 trillion in operating profit that Samsung earned in the final quarter of 2018.