Samsung has just released its quarterly earnings guidance and it’s still feeling the hangover from the memory boom party. The operating profit is significantly down on a yearly basis, but it has increased compared to Q2.
|Q3 2019 Guidance KRW / USD||Q3 2018 Results KRW / USD||Q2 2019 Results KRW / USD|
|Sales||62 trillion / 52 billion||65.46 trillion / 55 billion||56.13 trillion / 47 billion|
|Operating Profit||7.7 trillion / 6.4 billion||17.57 trillion / 14.7 billion||6.60 trillion / 5.5 billion|
Samsung usually announces the full earnings report in the last week of the month, following the quarter, which means we will have details on how each division is performing in three weeks.
Those should also show how the newly launched Samsung Galaxy Note10 lineup is doing, which is the bit that interest us the most. The sequential profit increase hints good news might be on the way.