Analysts are expecting Samsung’s profits to fall by more than half as the semiconductor business is going through a slump. The trade ban on Huawei, which caused some shipments to be suspended, is making the situation worse.

Refinitiv SmartEstimate predicts that the company will post an operating profit of $5.14 billion (based on numbers from 29 analysts). This is a 60% decline compared to last year and even a drop compared to the poor Q1 numbers when the operating profit was $5.4 billion. This will make the Q2 earnings the lowest in the last three years.

Samsung is the largest supplier…

Original source: https://www.gsmarena.com/samsung_profits_could_fall_by_more_than_half_huawei_situation_partially_to_blame-news-37925.php