At some point, we expect to see the official Samsung earnings report describing the company's financials for the third quarter of 2019. In preparation for that report, the company released an official forecast for investors that gives us some idea of what to expect .
In other words, the forecast looks bad. Year over year, we expect Samsung to post revenue that is literally half as good as it was in the same quarter of 2018. This Q3 2018 figure was also slightly down from Q3 2017. Ouch.
The official Samsung overview form says the company expects to post operating profits of around 7.7 trillion Korean won (~ 6.44 billion) for Q3 2019. That is 56% less than it did in Q3 2018 when it earned 17.57 trillion Koreans won (~ $ 14.7 billion).
However, the two figures do not tell the whole story. For example, expected profits in Q3 2019 will be higher than what the company did in Q2 2019, which was 6.6 trillion Koreans won (~ $ 5.5 billion). It's a fine silver lining.
Related: Uh: Samsung gives a first advance notice for the scary Q1 revenue
Just looking at the numbers wouldn't tell you that Samsung is slurping in the same way that its competitors are falling. Samsung's main money maker in recent years has been chips, but the whole industry is in a downturn. According to industry analysts who spoke with Korea Herald Samsung is actually doing remarkably well considering how bad the demand for chips is universal.
Of course, the big question that hangs over this upcoming Samsung revenue report is how mobile sales are doing. The forecast report does not mention anything about the sale of the company's latest flagship, the Samsung Galaxy Note 10, or other mobile devices, for that matter. It will be interesting to see how Samsung's big gamble about switching to a two-unit strategy with the Note 10 line – and removing the headphone jack – costs consumers from a sales perspective.