Samsung Electronics today reported financial results for the second quarter ended June 30, 2019. The Company posted KRW 56.13 trillion in consolidated quarterly revenue and KRW 6.6 trillion in quarterly operating profit. The weakness and price declines in the memory chip market persisted as effects of inventory adjustments by major datacenter customers in the previous quarters continued, despite a limited recovery in demand. The Display Panel Business reported improvement due to a one-off gain in mobile displays and stronger sales of rigid OLED panels, which offset losses from large displays. The Mobile Business posted stronger shipments on new mass market … Continue reading Samsung Electronics Announces Second Quarter 2019 Results