Samsung reported that their operational revenues rose to KRW14,8 trillion for the quarter that ended in June. Despite the increase, this figure is lower than the forecasts of analysts, who reached KRW15,3 trillion.
Over the past 10 years, the number of shipments of smartphones is indeed starting to decline. However, Samsung is always successful to meet the expectations of analysts, reports Bloomberg. The reason is that of the high demand for memory.
Now, sales of the Galaxy the S9 began declining began to affect South Korea origin company finance it, although they continue to dominate in the market for DRAM and NAND.
Sales of OLED display on Apple is also lower than expectations. While the growth in the price of semiconductors began to wane. All these factors make Samsung failed to meet analysts expectations.
"Even though the sale of chips continues to rise, sales of smartphones are not too good, " said Jung Sang-jin, a Fund Manager at Korea Investment Management.
"While the price of chip and phone each other inversely proportional, the weakening won will probably make financial Samsung improved in the first two years of this."
Samsung shares were down 2.3 percent in Seoul. This makes Samsung's stock reached the lowest values for five months.