Samsung GALAXY S10 brings Samsung to a DESPERATE situation

Samsung GALAXY S10. Despite all hopes, the phone series brings the Korean company into a desperate situation, that's how serious things are.

Samsung GALAXY S10 brings Samsung to a DESPERATE situation

Samsung GALAXY S10. Unfortunately, the new phone model did not save the Korean company from the extremely difficult situation in which it finds itself at the moment, something that is officially recognized by it as well. The profit of the mobile division of the Korean company decreased by 42% in Q2 2019 compared to Q2 2018, I repeat 42%, and this in the conditions that we are talking about a fiscal quarter in which the Samsung GALAXY S10 should have brought good money.

Samsung GALAXY S10. Unfortunately, this did not happen, and the reduction by almost half of the profit compared to Q2 2019 is an extremely hard blow for the company, the total profit falling by 56%. Although the Samsung GALAXY S10 phone series started very well in March, when it was launched, it seems that the Huawei P30 series had a much greater impact, than thought, on the sales recorded by the Koreans in T2 2019.

Samsung GALAXY S10 brings Samsung to a DESPERATE situation

Samsung GALAXY S10 puts Samsung in a DESPERATE situation in terms of revenue
Samsung's quarterly revenue report for the last 2 years.

Samsung GALAXY S10. Not even the sanctions imposed by the USA against Huawei, which reduced the company's international sales by 60%, did not help Samsung much, except where it is not very interested. Sales of phones in the middle category, that is, those that bring a small profit, increased substantially, including total sales compared to Q2 2018, but the sales that matter, those of the Samsung GALAXY S10, went very poorly.

Samsung GALAXY S10. Officially, the company says that sales have "stagnant", but if the profit fell by 42%, it is clear that they went much worse than thought, and this shows again that the Korean premium phones have a "short life". It is enough for Huawei, OPPO, Vivo, OnePlus to launch new models, and the Koreans lose, and this also happened with the Samsung GALAXY S10, which is now sold with big discounts in various areas around the world by Samsung.

Samsung GALAXY S10. Despite the attention that has been created around the phone, it seems that nothing has changed compared to the past years, and the Koreans have moderate success, and remain a little in people's attention.