Samsung Galaxy Note 9 goes up for reservations in the US

02 August, 2018, 23:53 | Author: Rodolfo Hawkins
  • An image of the Samsung Galaxy Tab A 10.5

"Second quarter revenue fell due to softer sales of smartphones and display panels, despite robust demand for memory chips", the company said in a statement.

The company made an operating profit of 14.87trn won ($13.3bn) on sales of 58.4trn won ($52.1bn) and revenue was down 4pc year on year. Now, Samsung has also given a price cut to the popular Galaxy J6 smartphone for the second time.

While Samsung's profit growth may have slowed, the company's chip sales have been stellar.

Samsung predicted a sustained strength in the memory chip market and a rising demand for flexible OLED panels that would drive earnings higher in the second half.

Samsung's chip division has seen mixed performance over the past few months.

Samsung's mobile woes drag on profit growth

Samsung's smartphone shipments and sales declined quarter-on-quarter amid the sluggish premium smartphone market, leading to the fall in sales and operating profit. Also available on the Galaxy S9, S8, and Note 8 smartphones, DeX essentially transforms your mobile device into a desktop computer. Samsung said it will increase the portion of 10-nanometer-class products and the mass production of 5th-generation V-NAND, while addressing demand for high-density server memory and high-bandwidth memory. A big feature for these types of devices is battery size and Samsung has been able to fit in a 7,300mAh capacity battery inside the 2018 Galaxy Tab A 10.5.

The company said it would bolster its flagship lineup by marketing the new Note 9 "at a reasonable price" and packing its middle-and-low end products with updated features to fend off competition. That work has fueled rumors of a foldable smartphone from Samsung for years. Notably, BOE, which is heavily subsidized by the government, is the world's leading large-panel maker for TV screens, and it is aggressively venturing into producing OLED displays, a market dominated by Samsung. 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.

It's also thought that Samsung will push its display technology to a new level with an unbreakable edge-to-edge screen that covers every corner of the phone.

Samsung Electronics plans to showcase the Galaxy Note 9 smartphone on august 9 and start full-fledged sales later in the month. KyeongTae Lee, vice-president of Samsung's mobile division, told analysts the company is "hoping that such adoption will serve as a catalyst in the stagnated mobile market".

Shares of Samsung Electronics traded at 46,150 won as of 10:03 a.m., down 0.75 percent from the previous session.

More news: Michael Avenatti: Cohen evidenced Trump payoffs, pregnancy cover up

Recommended:



Popular

Zanu-PF signals a Mnangagwa win
China said however it believed the election had generally been orderly. MDC leader Nelson Chamisa, 40, has said the results were fraudulent.

See Pics: Blood moon dazzles skygazers in 21st centurys longest eclipse
The planet, which has been visible with the naked eye for more than a week, won't be as close to Earth for another 17 years. Thousands of Australians armed with telescopes, binoculars and cameras watched the glowing red moon and a shimmering Mars .

Springfield Symphony director caught near deadly wildfire area in northern California
One bulldozer operator has been reported dead and three firefighters have been reported injured as of Friday morning. The Carr Fire was one of almost 90 large blazes burning nationally, majority across the American West.

Pence says U.S. will sanction Turkey unless American pastor freed
Brunson was first imprisoned on terrorism charges after an attempted coup in the summer of 2016 against President Recep Erdoğan. Vice President Mike Pence made a similar announcement at a religious freedom event earlier in the day.

Intense heat set to trigger thunderstorms in the south
Mr Burkhill added: "The heat and humidity means there is a lot of energy in the air and a high risk of intense thunderstorms". Monday was the hottest day so far of 2018 in the United Kingdom with a high of 33.3C recorded at Santon Downham in Suffolk.

Details About The Longest Lunar Eclipse Of The Century The "Blood Moon"
The full moon in July is also known as "mini-moon" because it is at the farthest distance from the Earth and seems small. The Moon will be gradually covered by the Earth's shadow and the totality phase will begin at 1 am on July 28.

Syrian state television says Israel may have struck city in Hama province
It was Israel's first published operational use of the mid-range missiles, which are jointly manufactured by USA firm Raytheon Co. Israeli media quoted Syrian rebel forces saying that 22 people were killed in the strike, including nine Iranians.

‘Wonder Woman 1984’ Team Talks ’80s Setting, Chris Pine’s Resurrection
However, Jenkins was mum on how Pine's character makes his way into " Wonder Woman 1984 ", since he died in the preceding film. Uh...yeah! This feels like Big combined with the classic Christopher Reeve Superman movies, which is a pretty good formula.

Most Germans think Europe can defend itself without USA help
But despite the usual blizzard of off-the-cuff, contradictory Trumpian statements, a couple of truths did become obvious. Russian Federation would also be unable to resupply Montenegro in a war.

Trump claims ex-lawyer's phone call recording is 'perhaps illegal'
"Inconceivable that the government would break into a lawyer's office (early in the morning) - nearly unheard of", he tweeted . New York, where the taping reportedly took place, legally requires only one person's consent for such a recording.