The company warned that its profits could collapse in the second quarter, falling 56 percent year-over-year to approximately 6.5 trillion won (barely below $ 5.6 billion), but it could have been worse: a single payment of an unidentified customer boosted revenues from Samsung.
Samsung reportedly asked Apple for compensation after its OLED screen orders did not reach the minimum levels.
Early this year, its performance suffered mainly due to a drop in memory chip sales. While the increase in profits during the first quarter suggests that the releases of Galaxy S10 and A-series helped, they were not popular enough to reverse trends.
While the launch of the Galaxy Note 10 is just around the corner, the redesign of the Galaxy Fold has not yet been released. It also faces legal problems in Australia and France for its advertising and working practices.