Samsung says its Galaxy S10 series had “solid sales” for the first quarter


Samsung announced its first-quarter earnings yesterday; the company said that while results for the period were negatively impacted by weak demand for memory chips and displays, the Samsung Galaxy S10 series had “solid sales.” While overall demand for smartphones decreased in the quarter due to seasonal weakness, revenue for the division rose sequentially from the fourth quarter of 2018 because of the Galaxy S10e, Galaxy S10, and Galaxy S10+.
Samsung noted that growth in handset shipments was hurt by a reorganization of its low and mid-range phones. This led to …

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