Samsung partly blamed Vietnam’s virus resurgence for a sharp decline in mobile unit sales. Low vaccination rates are thwarting the region’s recovery and raise questions about how reliable it can be for suppliers shifting out of China: mak_robyn
The Galaxy maker partly blamed Vietnam’s virus resurgence for a 24% decline in mobile unit sales from the previous quarter. Low vaccination rates are thwarting the region’s recovery and raise fresh questions about just how reliable it can be for suppliers shifting out of China.
Context NewsSamsung Electronics on July 29 reported revenue of 63.7 trillion won ($55 billion) for the three months to June 30, an increase of 20% from a year earlier. Operating profit rose 4.4% to 12.6 trillion won.Revenue at the company's mobile division, which includes smartphones, tablets and wearables, fell 24% quarter-on-quarter, to 21.4 trillion won. Samsung said the decline was partly due to"the component supply shortage and production disruptions at the factory in Vietnam".
Source: REUTERS/Stephen LamDavid S. Park, head of US mobile channel marketing of Samsung Electronics, unveils the Galaxy Buds+ wireless earbuds during Samsung Galaxy Unpacked 2020 in San Francisco, California, U.S. February 11, 2020. Read more: ReutersBreakingviews »
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