Published: Sat, April 06, 2019
Tech | By Anita Cain

Briefing: South Korea begins 5G rollout ahead of China, US

Briefing: South Korea begins 5G rollout ahead of China, US

It would represent the firm's lowest operating profit since the third quarter of 2016, and comes after it reported its first fall in quarterly profit for two years in January.

Rival phone maker LG Electronics also predicted an operating profit for the first quarter Friday, forecasting it would drop 18.8 percent to 900 billion won.

Revenue likely fell 1.4 percent to 14.9 trillion won, the South Korean firm said, below a 15.3 trillion won consensus. PC and server DRAM prices are estimated to have plummeted by almost 30 percent in the first quarter of 2019 and DRAM average selling prices down 20 percent, according to DRAMeXchange last month. The faster networks would also improve live broadcasts and streaming services for music and video while allowing for a broader range of virtual reality services, the companies say. They cautiously predict demand will recover around the end of the year.

The Galaxy S10 5G camera is superb thanks to a fourth lens for enabling low light shots, sharp autofocus, and better perception of depth.

Meanwhile, in the U.S, full-fledged nationwide 5G service is still a year away. That's anywhere from 10 to 100 times faster than today's mobile service.

SK Hynix Inc, Micron Technology Inc and Samsung - which dominate the global market for dynamic random access memory, or DRAM, chips used in personal computers, smartphones and servers - recently have issued upbeat assessments of the prospects for a recovery in chip prices.

According to Evan Blass, a well-known tipster, the Samsung Galaxy S10 5G will arrive to the USA on May 16.

South Korea has one of the world's top smartphone penetration rates and is in a competition with China, the US and Japan to grab the global 5G market. The service was made available to mobile hotspot devices but not yet on phones on December 21 in 12 cities. There is also a more powerful Galaxy S10 that ships with support for 5G technology and the smartphone has finally launched, but there's a catch here.

Shares in Samsung rose briefly before paring gains to trade flat following the guidance, as many investors are already looking ahead to an earnings recovery on the back an improvement in chip prices in the second half of the year.

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