Samsung has just released its first-quarter earning calls today, and its previously released profit warnings turned out to be true. The company made a total of KRW 6.2 trillion ($5.3 billion), which is about 60 percent less than last year’s first quarter. However, Samsung says that its Galaxy S10 series still sold very well.
The first two quarters of a year are traditionally weaker in the tech industry than the last two, but this drop is significant – the company made this little money back in Q1 of 2016, and that number is only slightly bigger than 2016 Q3’s Note 7 debacle.
The Galaxy S10 sold well, says Samsung, despite the company’s plummeting profits in Q1 was written by the awesome team at Android Police.