Samsung warned sales and profits of smartphones and TVs are 'expected to decline significantly as COVID-19 affects demand and leads to store and plant closures globally.'
Samsung Electronics said Wednesday it expects a decline in overall earnings for the three months ending in June due to the coronavirus pandemic.
Samsung Electronics said Wednesday it expects a decline in overall earnings for the three months ending in June due to the coronavirus pandemic. Still, Samsung said it plans to go ahead with the launch of new models for its foldable smartphones and the Galaxy Note in the latter half of the year despite lingering uncertainties.as the global economic downturn caused by the virus outbreak forces people to cut back on nonessential spending.
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