Samsung profit misses estimates in second quarter

Otis Hoffman
July 6, 2018

A new filing by the FCC in the USA shows the upcoming Samsung Galaxy Note 9 S-stylus will have Bluetooth capabilities. The company expects to report 14.8 trillion won ($13.2 billion) in profit and 58 trillion won ($51.8 billion) in revenue for the period.

The Korean technology giant said Friday it expects its operating profit last quarter dropped by 5.4% compared with the previous three months, to 14.8 trillion won ($13.2 billion)-the first such quarterly fall for nearly two years.

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"Overall, third-quarter profit will be stronger than the second quarter as Samsung will perform better in the semiconductor and display businesses", Song Myung-sup, an analyst at HI Investment & Securities, said.

The smartphone market has been slowing down in recent quarters.

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Samsung kept on registering record operating profits, quarter after quarter for seven straight quarters until Q2 2018 finally arrived, putting a stop to the tech juggernaut's progress once and for all. Now, an exclusive report from AllAboutSamsung is offering some technical details on the S10's triple-camera setup.

Expectations are high for Samsung's foldable phone, which provides a bigger display experience when not folded. The iPhone 8 was trailed by the Galaxy S9 Plus, iPhone X, Xiaomi Redmi 5A, and the iPhone 8 Plus. The device will enter mass production later this year ahead of its unveiling in the first month of 2019. "They will provide a good experience to consumers if we make them well", Koh said at the time.

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Regarding tactics, Rohr said he had several formations to choose from. "But in football there is no mercy, there is no pity. Argentina must beat Nigeria and hope Iceland fail to beat Croatia in order to reach the knockout stage of the completion.

The Tame Apple Press claims the news means that Samsung's lead over Apple in the global smartphone market is under pressure. However, it looks like the company might be changing a key element of the device.

Other reports by Info About Network

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