Samsung To Dial Up Lower Profits as U.S. Phone Imports Slide — Panjiva


Samsung To Dial Up Lower Profits as U.S. Phone Imports Slide

Earnings 365 Info Tech - Comms Equip 118 South Korea 383 U.S. 3297 Vietnam 155

Samsung Electronics has warned its 2Q profitability will be down sequentially, in part due to weak demand for its mobile phones and OLED screens. Samsung produces phones in South Korea and Vietnam for export to the U.S. market. Shipments from South Korea to the U.S. in the three months to April 30 fell 6% on a year earlier while exports from Vietnam fell 4%. That may, however, also reflect a weaker market more broadly as total U.S. mobile phone imports fell 5% over the same period.

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.