Instacart Stock Drops After FTC Probes AI-Based Price Discrimination Claims 
Boeing Seeks FAA Emissions Waiver to Continue 777F Freighter Sales Amid Strong Cargo Demand 
Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Dina Powell McCormick Resigns From Meta Board After Eight Months, May Take Advisory Role 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
Volaris and Viva Agree to Merge, Creating Mexico’s Largest Low-Cost Airline Group 
Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
OpenAI Explores Massive Funding Round at $750 Billion Valuation 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
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.
