Samsung’s Q1 semiconductor profit fell 64% to $3.52 billion while the whole company had a profit of $5.4 billion on sales which fell 13.5% to $45 billion.

The phone business took a 40% drop in operating income for a $2 billion profit

Displays made a $480 million loss.

Samsung has been driving down memory prices to deplete inventories but says it expects customers to start replenishing their inventories from the end of Q2.

News Source: https://www.electronicsweekly.com/news/business/tough-q1-samsung-2019-04/