Reported about 4 hours ago
Samsung Electronics has adjusted its Q2 outlook downward, citing potential demand cuts from U.S. tariff policies. Despite this, the company reported a modest 1.2% rise in Q1 operating profit to 6.7 trillion won ($4.68 billion), buoyed by strong smartphone sales as customers rushed to buy before tariffs affected prices. However, its semiconductor division faced significant challenges, with profits plummeting 42% due to reduced demand and U.S. export controls. The mobile device segment demonstrated strong performance, contributing to overall revenue of 79.1 trillion won.
Source: YAHOO