Samsung warns profit to fall 60%

Samsung supplies components to other manufacturers such as Apple as well as making its own devices, but market prices for LCDs have fallen 10 percent quarter-on-quarter, said Sanjeev Rana, an analyst at investment firm CLSA Ltd, while demand for smartphones in China — the world’s biggest market — has been weak. Prices for NAND memory — used in smartphones and other devices — fell 20 percent in the first quarter, according to market tracker DRAMeXchange, which pointed the finger at consumers taking longer to replace their smartphones and lower-than-expected sales of Apple’s new devices. Samsung was yesterday launching the 5G version of its top-end Galaxy S10 smartphone — the first such device available anywhere — after South Korea this week won the global race to commercially launch the world’s first nationwide 5G networks.

Source: www.taipeitimes.com