Samsung Electronic devices simply launched fourth-quarter revenues that informed similar story as the rest of2019 Income was more or less flat year-on-year– up 1 percent to 59.9 trillion won ($507 billion)– while running earnings slid 34 percent to 7.1 trillion won ($ 6 billion).
The main reason for the decrease remains the fall in prices of memory chips, Samsung’s most significant earnings motorist in recent years. The mobile department, on the other hand, did better than a year earlier, with Samsung calling out “solid” flagship sales and the profitability of phones like the Galaxy A series.
Samsung is hoping that the larger adoption of 5G in 2020 will improve its numbers basically across the board. The 5G upgrade cycle is most likely to help the mobile department, naturally, however Samsung notes it must have the ability to increase memory sales to handset producers and data center companies. The business likewise plans to develop integrated 5G chips for mass-market mobile phones, and expects demand for its OLED display screens and high-resolution phone camera sensing units to increase.
Samsung warns, nevertheless, that the “actual speed of 5G growth … remains to be seen,” which probably isn’t the last time we’ll hear that in a tech company’s forecasts this year. How that cleans in practice is going to have a significant impact on Samsung in particular over the next year, considering that numerous areas of its service are involved directly or indirectly.