Samsung reports shows declines in smartphone sales in Q4 and FY 2018

-

Samsung’s fiscal results for Q4 and FY 2018 shows a decline in sales and operating profits. The financial results of the company in its fourth quarter of 2018 comes from Samsung itself and includes the complete fiscal year report as well. The company’s full-year results were still record-setting.

According to the reports, the mobile department of the company incurred weak sales. The IT & Mobile Communications division made significant profits with 5G equipment installations and expansion of LTE networks. Once the company introduces commercial 5G services in South Korea, the profits will shoot again. Also, we expect the Samsung Galaxy S10 to bring back the sales of the company after its launch on February 20.

Samsung reports shows declines in smartphone sales in Q4 and FY 2018

The company didn’t make significant profits in selling memory chips. According to Samsung, it’s major customers held back on orders. The company further deduce the prices on memory chips to increase its sale.

Looking ahead to 2019, Samsung will “aim to secure future growth by increasing sales of premium products and strengthening online and B2B businesses”.