Home » Tech

Samsung Electronics reports lower-than-expected profit

02 August, 2018, 23:52 | Author: Vicki Mclaughlin
  • Samsung Galaxy A8

Apple is anticipated to post sales of $62 billion and an operating profit of $15.8 billion for the third quarter, resulting in an operating-profit-to-sales ratio of 25%. Samsung's overall operating profits slid almost 5% sequentially to KRW14.87 trillion in the second quarter.

In response to this pressure, Samsung is said to be planning a possible game-changer in the shape of the world's first foldable smartphone, due for release early next year.

In the second half of 2018, Samsung expects demand to grow for its flexible OLED panels and continued strong demand for its memory products.

As the demand growth is forecast to remain strong in the second half, Samsung predicts the bit growth rates of the memory chips to hover around the middle of the 10 percent range. "The product mix keeps delivering for Samsung", he added. Samsung profit has touched the low of the last 12 months.

Like other big electronics firms, Samsung faces challenges from the US-China trade war, falling prices of some memory chips and the rise of cheap Chinese-made handsets. The mobile business booked 2.7 trillion won in quarterly operating profit. Analysts were estimating that the smartphone giant only shipped around 31 million Galaxy S9 phones since its release in March.

The move comes as the global market for premium smartphones hits a wall, with customers no longer as eager to shell out for expensive devices. Pre-orders start today on Samsung.com until August 9, 2018.

Zimbabwe election violence: ‘Desperate’ voters hold 'flicker of hope’ for Chamisa win
Mnangagwa had promised a free and fair vote after the military ushered him to power when Mugabe was forced to resign. The Zimbabwe Electoral Commission said it would start announcing results for the presidential race from 10.30 GMT.

‘Blood moon’: How to watch the longest lunar eclipse of the century
Those who live in the Middle East, eastern Africa, southern Asia and India will have the best views of the spectacle. This is why the moon will appear red during the eclipse , and is therefore sometimes nicknamed a " blood moon ".

Imran Khan claims victory in Pakistan elections
Several polling stations in Lahore also witnessed delays as the election staff did not reach the venue on time, the report said. Pakistan Tehreek-e-Insaaf, from its official Twitter handle, tweeted that the party is "heading right towards Naya Pakistan".

There is no doubt that the high-end smartphone market is taking a kicking but Apple is also suffering. The company launched their first Galaxy Tab tablet back in 2010 and since then it has evolved into multiple series of devices at different price points.

Samsung officially lifted the lid off of its Galaxy Tab S4 tablet, and well before its Galaxy Note 9 Unpacked event that is set to take place next week.

The Samsung Galaxy Note9 is expected to come with a 6.32-inch OLED display panel which is relatively larger than last year's Galaxy Note 8.

Looking to the second half, the TV market is projected to grow YoY, especially in developed economies, said the company.

The industry data showed that weaker smartphone sales from Samsung's side did not slow down the profitability part of the company's businesses. The World Cup's assist was felt even in Samsung's premium television products, such as QLED and ultra-large screen TVs. Inside, Samsung has opted to go for a chipset from Qualcomm rather than something in their Exynos collection.

Recommended:



Popular

Chamisa declares victory in Zimbabwean presidential election
A recent Afrobarometer survey of 2,400 people put Mnangagwa on 40 per cent and Chamisa on 37 per cent, with 20 per cent undecided. The commission said it would delay releasing any results of the presidential race until all the votes are collated.

Century's longest total lunar eclipse to grace night sky on July 27
The next total lunar eclipse visible in the US will be on January 21, 2019, according to NASA, and will occur during a super moon. The last time Mars was bigger and brighter than this was in 2003, when it was less than 56 million kilometres away from Earth.

Tape reveals Trump and lawyer discussing payoff over alleged affair
Giuliani contested Davis's interpretation and released the Trump team's version of the transcript, which contradicts Davis. Trump is doubling down in his efforts to tell supporters to trust him over the words of critics and news reports".

EU ready to respond to U.S. tariffs with duties worth $20B
Ben Sasse (R) said, "America's farmers don't want to be paid to lose - they want to win by feeding the world". In a speech to in Kansas City, Missouri on Tuesday, the president aggressively defended his trade policies.

Wicker: I second Trump's support of Iranian people
Iran's economy and currency has tanked since Trump withdrew Washington from the 2015 Iranian nuclear agreement . The statement from President Rouhani that set off Trump was a clear threat to the United States.

Who Is America?: Georgia State Rep Resigns After Epithet-Laced Pranking
And finally, Mr Spencer was told he could intimidate terrorists by pulling down his trousers and exposing his buttocks. Spencer apologized for what he called a "ridiculously ugly episode", but initially refused to step down.

Tour de France riders sprayed with tear gas amid protest by farmers
Great Britain's Geraint Thomas , right, wearing the leader's yellow jersey, and other riders wait for the race to resume. French rider Julian Alaphilippe has been the king of the mountains so far and could add to Tuesday's Stage 16 victory.

Trump Warns Iranian President 'Never Threaten the US'
Did Rouhani respond to Trump's threat? Washington has also been accused of posting propaganda on social media aimed at stirring up unrest in Iran.

Montenegro responded to trump's words on the necessity of its protection
The congressman also dismissed a recent Washington Post report that officials are "purging" employees at the U.S. European Commission President Jean-Claude Juncker will discuss trade with Trump at a meeting on Wednesday.

Neymar Gives His Thoughts On Cristiano Ronaldo's Move To Juventus
" Cristiano Ronaldo's departure for Juventus will change Italian football", Neymar said (via Goal ). I have to thank Juventus too, who have been waiting for me a long time as well".