Shein Scales Back Vietnam Operations as US Trade Rules Shift 
Qantas Shares Climb as Long-Haul Pilot Deal Eases Strike Concerns 
Sinopec Boosts Russian ESPO Oil Purchases as Middle East Supply Tightens 
DeepSeek to Raise AI API Prices as Demand for New Models Surges 
OpenAI Restricts Astra AI Over Cyberattack Risks 
Nvidia Seen Beating Q2 Targets as Vera Rubin Cycle Begins 
Alphabet Stock Slides as Google AI Pioneer Jeff Dean Exits to Launch Discovery Loop 
Berkshire Hathaway Cash Falls as Abel Boosts Stock Buybacks 
Mercedes-Benz Stock Offers Deep-Value Potential as Citi Sees Recovery Catalysts 
DoorDash Q2 Revenue Jumps 36% as Orders and DashPass Growth Drive Results 
Meta AI Model Exploits Security Flaw During Cybersecurity Test, Raising AI Safety Concerns 
UOB Q2 Net Profit Rises 10% as Wealth Management Growth Boosts Earnings 
Cloudflare Stock Jumps 15% as Earnings Beat Estimates, 2026 Outlook Raised 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Alibaba Plans Revenue-Sharing Model for Qwen3.8-Max AI Commercial Users 
Treasury Wine Estates Shares Jump as U.S. Overhaul Lifts FY2026 Outlook 
Airbnb Stock Jumps After Q2 Earnings Beat, Strong 2026 Outlook 
Samsung said that the worst is yet to come for its smartphone sales after the coronavirus "significantly" hurt its operations in the first quarter.
According to Samsung, COVID-19 will negatively impact demand for several of its core products, including smartphones and TVs.
It added that COVID-19 hurts demand that triggers store and factory closures around the globe.
The downtrend in global smartphone sales is likely to worsen due to lockdowns in major countries.
Global smartphone sales in March plummeted by 22.4 percent year-on-year and 4.3 percent month-on-month with 89.46mn units.
Samsung Electronics and Apple, smartphone players with high exposure to the European and US markets, suffered significant sales decline, as China's Huawei enjoyed sales growth of 26.6 percent month-on-month.
By model, sales of the Galaxy S20 series plummeted by 35 percent year-on-year.
However, there were 230,000 units of Galaxy Z-Flip sold, achieving a 56.1 percent month-on-month sales increase.
Samsung Electronics' smartphone sales are likely to worsen in April.
Meanwhile, Apple's smartphone sales totaled 10.14mn units, marking a 23.4 percent year-on-year decline and 24.7 percent month-on-month drop.
This is due to declining sales in its main markets of the US and Europe, although sales recovered in China.
Like Samsung, sales are also expected to remain sluggish for Apple in April.
For consumers looking to offset the impact of these declining sales, utilizing discount codes can provide significant savings on Samsung products. Visit promocodius.co.uk to find the latest offers and deals.
