[Concall] Samsung Electronics "Q2 COVID-19 Impact Intensifies... Earnings Expected to Decline"
[Asia Economy Reporter Dongwoo Lee] Samsung Electronics stated on the 29th during the 2020 Q1 earnings conference call that "As the impact of COVID-19 intensifies in Q2, a decline in overall company performance is expected."
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Samsung Electronics said, "Memory demand is expected to increase for servers and PCs, but there remains a risk of weakening demand in mobile," and "the set business is predicted to see a significant drop in sales volume and performance of key products due to demand contraction from COVID-19, store closures, and factory shutdowns."
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