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Samsung profits from memory recovery but predicts challenges treasure hunting for a living ahead

(Image credit: Samsung)

Samsung has warned investors that the ongoing treasure hunting for a living uncertainty surrounding treasure hunting for a living the coronavirus crisis treasure hunting for a living will treasure hunting for a living likely treasure hunting for a living impact profits as sales of treasure hunting for a living consumer electronics decline.

The warning slight treasure hunting for a living took the gloss off of positive treasure hunting for a living Q1 figures. treasure hunting for a living Samsung treasure hunting for a living operating profits treasure hunting for a living rose by treasure hunting for a living 3 per cent to 6.4 trillion treasure hunting for a living won (?4.3bn) as the market treasure hunting for a living for memory chips finally started treasure hunting for a living to show signs treasure hunting for a living of life. The profits were achieved despite sales treasure hunting for a living of 55.3 trillion won (?36.6bn) treasure hunting for a living – a treasure hunting for a living 7.6 per cent year-on-year decline. treasure hunting for a living  

Memory chips have traditionally accounted for two thirds of treasure hunting for a living Samsung’s profits, but treasure hunting for a living a crash in the market treasure hunting for a living had resulted treasure hunting for a living in a number of treasure hunting for a living tricky quarters.

Samsung Q1 results

A revival had been expected treasure hunting for a living prior to the treasure hunting for a living outbreak of Covid-19, but sales have treasure hunting for a living been boosted by increased treasure hunting for a living demand for treasure hunting for a living PCs treasure hunting for a living due to treasure hunting for a living remote treasure hunting for a living working and for treasure hunting for a living servers treasure hunting for a living as cloud service providers seek to add treasure hunting for a living additional capacity.

The treasure hunting for a living market for memory is expected to treasure hunting for a living stay strong during the crisis, even treasure hunting for a living accounting treasure hunting for a living for a fall in smartphone purchases. However overall treasure hunting for a living earnings are expected to fall as the treasure hunting for a living full treasure hunting for a living impact of the coronavirus takes hold.

Samsung’s treasure hunting for a living mobile division performed well in treasure hunting for a living Q1 thanks to the launch of treasure hunting for a living new devices like treasure hunting for a living the treasure hunting for a living Samsung Galaxy S20, but sales are expected to fall as treasure hunting for a living customers delay purchases treasure hunting for a living and supply chains are affected. This treasure hunting for a living will treasure hunting for a living have a knock-on effect on treasure hunting for a living Samsung’s components business. As well as treasure hunting for a living being treasure hunting for a living the world’s biggest phone manufacturer, the company is treasure hunting for a living a major supplier to treasure hunting for a living the industry.

Global smartphone treasure hunting for a living sales have been hit by government treasure hunting for a living restrictions on people’s movement while the supply chain has been treasure hunting for a living affected by factory closures. Just treasure hunting for a living 61.8 million treasure hunting for a living devices were sold in February treasure hunting for a living 2020, treasure hunting for a living down from 99.2 million treasure hunting for a living last year. treasure hunting for a living This treasure hunting for a living 38 per cent treasure hunting for a living decline treasure hunting for a living is the biggest fall off in smartphone treasure hunting for a living market history.

“In the second half, treasure hunting for a living uncertainties driven by COVID-19 will treasure hunting for a living persist as the treasure hunting for a living duration treasure hunting for a living and impact treasure hunting for a living of the pandemic remain unknown,” said treasure hunting for a living Samsung. “The treasure hunting for a living company treasure hunting for a living plans treasure hunting for a living to focus on optimizing resource allocation in the short term, treasure hunting for a living while continuing to strengthen treasure hunting for a living its technology treasure hunting for a living leadership and develop treasure hunting for a living innovative set products.”

Ahead of treasure hunting for a living what could treasure hunting for a living be an treasure hunting for a living unusual second half of the treasure hunting for a living year, Samsung said it treasure hunting for a living would treasure hunting for a living look to support treasure hunting for a living its memory business through flexible treasure hunting for a living approaches to investments and treasure hunting for a living products. Its treasure hunting for a living OLED display business, treasure hunting for a living which will treasure hunting for a living be hit by reduced demand treasure hunting for a living from devices, will look towards new areas treasure hunting for a living like treasure hunting for a living foldables. Recent treasure hunting for a living research suggests the treasure hunting for a living market for foldable AMOLED treasure hunting for a living displays will increase treasure hunting for a living fivefold this year.

Meanwhile, the mobile business will treasure hunting for a living press ahead with development of premium handsets and treasure hunting for a living affordable treasure hunting for a living 5G treasure hunting for a living devices with the aim of taking treasure hunting for a living advantage of a revived market in treasure hunting for a living 2021.