For the second quarter of 2019, Samsung Electronics announced its profit guide.

For the second quarter of 2019, Samsung Electronics announced its profit guide. However, Samsung’s anticipated profit for the April to June era will decline substantially. The firm published today its advice on income and is reporting a decrease in revenues in the third quarter in a succession.

In Samsung, 6.5 trillion KRW (US$ 5.56 billion) are expected to make a profit this moment relative to KRW 14.87 trillion (US$ 13.3 billion) a year earlier. Revenues from KWR 58.48 trillion ($49.92 trillion) to KRW 56 trillion ($47.89 trillion) are expected to decrease by just 4 percent.

The pursuit of the blame in the economic battles of Samsung is simple-the stagnant semiconductor industry. The Korean technology giant is strongly dependent on the sector, with an approximately two-thirds of its revenue.

In addition, Huawei was one of its largest customers – after the U.S. ban, which brought more confusion into the second quarter of 2019.

Apple will receive $684 million in this amount, as the earlier negotiated OLED request quota has not been met. By the end of the month, the complete profit report will be anticipated so we will get the complete overview.

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