Samsung’s Revenue Down Amid Weak Galaxy S9 Sales In Q2 2018

Helen Aguilar
August 2, 2018

Samsung said revenue in the second quarter feel due to "softer" sales of smartphones, particularly the Galaxy S9, and display panels in what it called a "stagnant" and "sluggish" market. We hope that Samsung Galaxy Note 9 get good sales otherwise we will see similar balance sheet in the next quarter also.

Samsung Electronics' semiconductor division enjoyed record-high earnings in the second quarter of 2018, driven by robust demand for DRAM memory used in data center applications and NAND flash chips for high-capacity storage.

Samsung's mobile business accounts for almost 40 percent of the company's sales.

Samsung Electronics has revealed that the Galaxy S9 is not selling well, despite the company's efforts of making the phone company's most capable and polished smartphone to date. Apple, on the other hand, does not have any chip foundries present where it will be able to generate a hefty profit from, and the fact that the bulk of its profits come from smartphone sales alone is a very impressive feat. Pre-orders start today on until August 9, 2018.

Higher marketing expenses and the disappointing performance of the flagship S9 smartphone, which fell short of its sales target, weighed on its mobile performance, Samsung said.

Zimbabwe presidential rivals both signal election victory, result due soon
The electoral commission had said it would announce a victor within five days of the vote, in accordance with Zimbabwean law. Three people were killed after soldiers moved into Harare on Wednesday, firing live rounds and beating protesters.

Trump Receives Letter from North Korea's Kim
Joe Stanton Elmore was 20 when he died on December 2, 1950, in Changjim County, Hamgyeong Province, North Korea. The US military flew the caskets from Osan Air Base in South Korea . "Today, our boys are coming home".

Alabama's Jones says he is keeping 'open mind' on Kavanaugh
Government funding runs out on October 1st, which coincidentally overlaps with the start of the new term for the Supreme Court . The request seeks documents from Kavanaugh's time in the White House Counsel's office but not from his time as staff secretary.

The overall tablet market has been in decline but tablets catering to professionals and the enterprise has been increasing, Samsung officials told ZDNet. Until mow there were rumours that Samsung could use this display in its Galaxy X phone but now when the company is planning to bring in high-end features to its Galaxy A series phones, it wouldn't be wrong to expect the unbreakable OLED panels in Galaxy A series phones too. ETNews says that this is less than Samsung had planned to sell the phone for.

Samsung is also expected to reveal a new big-screen smartphone from the Note family at its event in NY next week, with rumours tipping the device to feature a bigger display than before and coloured stylus.

Operating profit was 14.87 trillion won, in line with the estimate of 14.8 trillion won suggested in a preliminary guidance report released earlier this month.

According to some media reports, it is believed that Samsung is preparing to launch a foldable smartphone in the first half of 2019 to mark the 10th anniversary of its Galaxy models. Behind the achievement is the company's past investments, as well as a super cycle in the chip industry that drove profits across the sector. He also thinks Samsung could have a three-generation lead over its rival Apple Inc.'s iPhone when it comes to 5G technology, something that would also help its cause going forward.

Other reports by

Discuss This Article