Samsung GALAXY S10. The very big problems of the Korean company's phones were seen in Q2 2019, and surprisingly it admitted that things are not going so well. In the financial results announced yesterday by the Korean company, it confirmed that the Samsung GALAXY S10 has much worse sales than it should have been, and this contributed to the 42% decrease in the profit of the mobile division compared to Q2 2018.
Samsung GALAXY S10. The series of phones had a very good start on the market, with surprisingly good sales, but lately the Koreans have started offering discounts on top of discounts for them, and it is officially confirmed why. We don't know how much the sales of the Samsung GALAXY S10 series have dropped yet, but the company said that the entire range of premium phones suffered from a drop in sales, so the situation is as serious as it can be.
Samsung GALAXY S10 problems are GROWING, here's how SERIOUS they are
Samsung GALAXY S10. Paradoxical is the fact that Samsung's phone sales increased by 5 million units in Q2 2019, and this while the profit decreased by 42%, which seems hard to understand. In reality, things are explained by the fact that Samsung sold a lot of cheap phones, for which it makes a very small profit, and since the Samsung GALAXY S10 does not sell well, it had nowhere to make a good profit from the sales.
"While the overall market saw a decline in smartphone demand due to the negative macroeconomic environment and seasonal weakness, Samsung's smartphone shipments increased QoQ led by strong sales of the new Galaxy A series, including the Galaxy A50 and A70 . However, flagship sales declined QoQ on the weak sales pace of the Galaxy S10 and stagnant demand for premium products.”
Samsung GALAXY S10. The profit of any manufacturer comes from the expensive products that are sold in very large quantities, and when Samsung sells many phones from the A and J series, it makes very little profit. If it does not substantially increase its sales of phones from the Samsung GALAXY S10 series, the Korean company will not be able to increase its profit for the mobile division until it finds another product that is really wanted by people.
Samsung GALAXY S10. At the moment you can find a lot of discounts for the Korean company's phones, and they will continue to grow as sales continue to be bad.
