Published: Thu, August 02, 2018
Tech | By Anita Cain

Samsung posts slowest profit growth, poor Galaxy S9 sales to blame

Samsung posts slowest profit growth, poor Galaxy S9 sales to blame

Samsung faces an uphill battle against Apple in tablet sales, however.

Revenue for the April-June period fell 4 percent to 58.5 trillion won.

"For DRAM, server demand stayed strong owing to the ongoing shift to higher density and expansion of data center infrastructure".

By contrast, mobile competition is tipped to stay strong in the second half of 2018. Samsung has saved a little money on this product by using less expensive display technology as it is a TFT LCD panel at a 1,920 x 1,200 resolution.

The supplier of components for Apple Inc. and its biggest smartphone rival said that its operating profit from the mobile handset business posted its steepest decline rate since the 2017 first quarter. "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 also claimed that intensified global competition affected its performance. Its sales record is expected to be the lowest since the S3 in 2012. The phone was launched in 2016 and almost around fifty million units were shipped.

To cope with the situation, Samsung Electronics said it will soon release a new Note smartphone at a "reasonable price", and apply top-notch features on budget models. Pre-orders start today on Samsung.com until August 9, 2018. Well, we list a few features that we think make the Galaxy Tab S4 worth buying. Smartphones accounted for 90 percent of its handset sales, it added.

Despite having an Unpacked event scheduled for 9 August, Samsung has made a decision to suddenly announce the new Galaxy Tab S4 tablet online. Previously we have seen Samsung Galaxy Note 8, S9, S9+ phones come with Samsung DeX support. It conjures memories of the company's apology for the literally explosive Galaxy Note 7, which Lee may have been alluding to when he cited the financial impact of Samsung "having discontinued production of older low-end model [sic]".

"The year's second half is generally a peak season so smartphone and tablet demand is expected to go up", Samsung said.

Looking to the second half, the TV market is projected to grow YoY, especially in developed economies. Samsung, while still the world's largest smartphone maker, saw its shipments down 2.4 percent in the first quarter, IDC reported in May.

It brought the total spent in the first half to 16.6 trillion won (14.8 billion USA dollars).

Analysts also noted Samsung's ongoing failure in China, where it previously owned a double-digit share of the market.

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