Net income fell to 5.11 trillion won ($4.4 billion) in the three months ended March. That compares with the 5.7 trillion won average of estimates compiled by Bloomberg. SK Hynix said last week it was seeing clear signs of recovery starting in the second quarter, after posting its own sharp profit decline. The company, which shipped 78 million smartphones in the first quarter, expects sales to fall again in the second quarter. “Revenue for the mobile business will likely improve in the second quarter," Park Sung-soon, an analyst with BNK Securities sad.

Source: Mint April 30, 2019 04:41 UTC