In the last quarter, Samsung's profits fell 60 percent from the previous year: from $ 13.4 billion to $ 5.3 billion. The South Korean company attributed the reduction to lower demand for microchips and screens, which Samsung supplies to numerous smartphone manufacturers and which are the company's main source of revenue. Samsung had anticipated pessimistic forecasts on its quarterly in recent months, so a reduction in profits was widely expected by analysts and investors. The company hopes to make up for it in the second half of 2019, when demand for some components is expected to increase. Samsung also stated that smartphone sales have fared better than expected, with at least 78 million Galaxy family smartphones being sold in the quarter. The company may still have a few other issues due to the delay in putting the Galaxy Fold on sale, its first foldable smartphone that has been shown to have some design error that does not protect the screen sufficiently.
