Meeeemmory ... prices tanned Samsung's behind: Profits tumble 60% as semiconductor demand in freefall

www.theregister.co.uk | 4/30/2019 | Staff
dorkyrocker (Posted by) Level 3
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The roller-coaster nature of semiconductor demand caught Samsung napping in calendar Q1 (PDF) resulting in a 60 per cent dive in profits, the lowest haul since the fiery Galaxy Note 7 debacle of 2017.

"First quarter earnings were weighed down by the weakness in memory chips and displays, although the newly launched Galaxy S10 smartphone logged solid sales," said Sammy in a glass-half-full statement.

Quarter - March - Sales - Line - KRW

For the quarter ended 31 March, sales crossed the line at 52.39trn KRW (£34.5bn/ $44.9bn), down 14 per cent year-on-year, due to declines across the major divisions.

Device Solutions – memory, mobile system-on-chip and Foundry biz – was hit the hardest, falling 27 per cent to KRW 20.62trn (£13.5bn, $17.6bn): semiconductor was down 30 per cent to KRW 14.47trn (£9.5bn, $12.4bn), of which KRW 11.47trn pertained to memory, itself down 34 per cent. Display Panels fell to 6.12trn KRW (£4.02bn, $5.2bn) from 7.54trn KRW (£4.9bn, $6.4bn) a year earlier.

Demand - Memory - Chips - Manufacturers - Production

Demand for memory chips collapsed and this has forced all manufacturers to pull down production forecasts, leading to a drop in prices amid inventory adjustments from those behind the world's largest data centres.

Revenue for the IT and Mobile comms division slipped 4 per cent...
(Excerpt) Read more at: www.theregister.co.uk
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