(Source: Grovede)

According to the performance of other departments, due to the sluggish demand for smart phones at the end, Grofontaine's smart mobile device business decreased by 10.4% in the second quarter, falling to US$683 billion; the long-term growth of vehicle products was the strongest, with an annual increase of 36.3% to US$368 billion; the revenue of household and industrial goods (IoT) business was 1.7% to US$300 million; the revenue of communications-based facilities and data centers increased by 11% to US$171 million.

IDC report of the IDC of the municipal regulatory company shows that due to the uncertainty of economic development in the United States' tax induced, consumers are more conservative in spending, especially low-level Android phone sales. Global smart phone shipments increased by 1% year-on-year to 295.2 billion units, a growth rate lower than 1.5% in the previous quarter.

Looking ahead to the third quarter, Groft's estimated closing at $1.68 billion is in a negative $25 million, lower than the market average expected $1.79 billion; adjusted earnings per share estimate is $0.05, which is also in a negative $0.41 market expected.

On August 5, Grofangde stock price news fell 9.34% and closed at $32.80, and has fallen by 23.56% this year.