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Samsung warns phone, TV sales will ‘decline significantly’ because of coronavirus – Source CNET Tech

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Samsung’s Galaxy S20 came out as COVID-19 started sweeping the globe. 


Angela Lang/CNET

Samsung’s new Galaxy S20 lineup and Galaxy Z Flip weren’t enough to boost phone demand in the first quarter, and the worst is yet to come. The novel coronavirus, which is sweeping the globe, will “significantly” hurt the South Korean electronics giant’s operations in the coming months, Samsung warned Tuesday. 

The company’s memory chip business is benefiting from “robust” demand for servers and PCs as more people work from home, but “overall earnings are likely to decline from the previous quarter because COVID-19 will significantly…

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Source CNET Tech

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