Samsung Q1 results shows increased smartphone profits despite COVID-19

Samsung has posted its quarterly report for the January - March 2020 period and it doesn't look that bad. The company met analysts' expectations and revealed a slight revenue decrease on a quarterly basis due to seasonality, but profits rose compared to Q1 2019. The mobile business reported less revenue than 12 months ago, but operating profit increased. Despite a decline in shipped units, the launch of the Galaxy S20 lineup and expanding its 5G portfolio allowed the Korean company to salvage its profitability. (in KRW/USD) Mobile DivisionRevenue Mobile...

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