Skip to main content

Even the Galaxy S10 couldn’t save Samsung from a 60% drop in profits last quarter


When Samsung issued its guidance earlier this month, it predicted a decline in operating income by a whopping 60 percent, the company’s biggest decline since a similar drop in the third quarter of 2014. Now that the Q1 2019 earnings are out, the financials aren’t looking all that rosy. Citing declines in prices for memory chips, and lower demand for screens like the OLED display it makes for Apple’s iPhone, Samsung reported profits of 6.2 trillion won (about $5.3 billion), down from 15.64 trillion won (about $13.4 billion) last year. “First quarter earnings were weighed down by the weakness in…

This story continues at The Next Web

Or just read more coverage about: Samsung

from The Next Web http://bit.ly/2VCRoEl
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD
Post a Comment
Read more

NotJordanPeterson lets you generate uncannily realistic Jordan Peterson sound bites

Love him or hate him, Canadian psychologist Jordan Peterson has undeniably captivated the interest of supporters and critics alike, earning a reputation as a “rock star” academic – similarly to his colleague and debate rival Slavoj Zizek. Now he’s being replicated, by AI. While you can easily find hours of footage with Peterson, none of what you hear in this piece comes from his mouth. Instead, it’s been produced by a neural network – called NotJordanPeterson – which has been trained to mimic the voice of the psychologist. And the resemblance is… absolutely uncanny. Check out these examples we generated… This story continues at The Next Web from The Next Web https://ift.tt/306hAGA
Post a Comment
Read more

A massive cache of stolen OnlyFans videos have been dumped online

Someone has leaked terabytes of content stolen from OnlyFans, a subscription site popular among influencers, sex workers, and pornographic actors. Photos and videos of specific users and performers is now out from behind the site’s paywall, meaning content creators are no longer able to profit from their work. And it doesn’t seem like there’s anything they can do. If you’re unfamiliar with OnlyFans (be honest with me now), it’s a site where viewers can pay a fee to view photos and videos put up by content creators. Ostensibly it would allow the latter to profit from their work, but it’s… This story continues at The Next Web from The Next Web https://ift.tt/2PvNCIG
Post a Comment
Read more