Samsung has just released data on quarterly results for the first quarter of 2019, and the numbers are not exactly positive . As already announced by the company, estimates speak of an operating profit of 6.2 thousand billion Won, equal to 4.9 billion euro , a value less than half compared to the numbers recorded in the first quarter of 2018.

A few weeks ago the company had issued a warning to investors about the imminent announcement of negative results, citing as responsible the decrease in prices for memory chips, the increasing competition in the smarpthone market and the decrease in demand for OLED screens . To date, detailed information on the company's quarterly results is lacking, given that the data released are preliminary data. It will be necessary to wait a few weeks, however, for the complete picture.

If the numbers were confirmed, it would be the worst quarter in the last two years for the Korean company , even worse than the analysts' estimates of 6.8 trillion won. The turnover was estimated at Won 52 thousand billion, down by 14%. According to analysts quoted by Reuters , the company's latest flagships are too expensive to produce to make large profit margins and, although they appear to be selling well, they may not be helping the company to improve its balance sheets.

The company is also innovating with the upcoming Galaxy Fold , the folding smartphone that introduces a new market category, which could be sold with significantly higher margins thanks to its innovative verve. However, this is a device that will be offered to a very niche market, at a prohibitive price that probably few will be willing to spend. It seems difficult, therefore, that the first fold of the Koreans will succeed in being the terminal of the turning point in terms of profits.