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Data: World Semiconductor Trade Statistics Blue Book; Chart: Axios Visuals

Samsung reported its weakest profit in more than 2 years in the first quarter, as its core semiconductor business booked a 64% drop in operating profit.

Why it matters: Samsung's problems are part of a major reversal in semiconductor sales that's happening around the globe. Worldwide, there was a 15.5% drop in sales from Q4 2018 to Q1 2019.

Sales regionally:

  • Americas: -29.2%
  • China: -14.5%
  • Japan: -13.8%
  • Asia Pacific/All Other: -10.4%
  • Europe: -3.1%

After a surreal sales explosion from 2016-2018, this year has seen a significant pullback, the biggest on a 3-month moving average basis since the financial crisis, according to data from World Semiconductor Trade Statistics.

Yes, but: As the chart makes clear, sales are still incredibly high and semiconductor companies have delivered solid second quarter guidance.

Go deeper: Samsung warning shows continued softness in consumer electronics

Go deeper

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