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Cell phones don’t sell: Samsung warns of a slump in profits


Sales of televisions and smartphones declined

However, the sale of televisions and Smartphones has slowed compared to the first quarter since recession-oriented consumers buying non-essentials Consumer electronics shift – a trend that can be observed in the global tech industry.

At the end of March, the Korean economic newspaper Seoul Economic Daily reported that the current flagship smartphone was Samsung sold extremely bad. The sales volume of the S20 series is 60 percent below the sales volume of the previous generation S10 in 2019.

The world’s leading manufacturer of memory chips and Smartphones reported an operating profit of $ 5.2 billion. Net profit decreased three percent, while sales increased 5.6 percent.

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