Samsung lowered its forecast for business development in 2020 due to coronavirus



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Samsung lowered its forecast for business development in 2020 due to coronavirus

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The world-wide Covid-19 epidemic has already caused enormous economic damage to hundreds of countries and continues to create many organizational, social and health problems for the population.

There is hardly a business area that is not affected by the coronavirus and this is largely for the technology sector. One of the largest manufacturers in the IT industry is Samsung, which also expects their normal operations to be severely affected by the Covid-19 pandemic. The company even lowered initial estimates of the negative impacts on their business.

The Korean manufacturer expects long-term sales of smartphones to be lower than previously expected due to the specific situation. Social isolation and isolation measures make it almost impossible to buy a standard device for many people around the world by standard means.

The only option for ordering a new smartphone is via the Internet, but the priorities of most manufacturers are actually very different. A positive trend will be 5G technology devices that will make many people more active despite current limitations.

Samsung believes that due to the “Covid-19” this will happen at a much slower pace than originally expected. In parallel, the company hopes to increase the demand for data centers and network equipment.

Despite Samsung’s lower projections, we hope that these two niches will enable them to offset negative trends across the industry. In conclusion, the coronavirus crisis is not expected to affect the company’s semiconductor business in 2020.

Samsung lowered its forecast for business development in 2020 due to coronavirus



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