Published: Thu, August 02, 2018
Industry | By Kenny Hampton

Samsung Revenue Falls 4% in Q2

Samsung Revenue Falls 4% in Q2

Samsung previously posted seven successive quarters of profit growth, fueled by high demand and prices within its lucrative memory chip business.

"Second quarter revenue fell due to softer sales of smartphones and display panels, despite robust demand for memory chips", said the South Korea-based giant. 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.

Consolidated operating profit stood at 14.87 trillion won (13.3 billion USA dollars) in the April-June quarter, up 5.7 percent from the same period of past year. These bundles are the company's attempt at increasing the sales of the Samsung Galaxy Note 9 as this may be the last one of the series if the device doesn't bring in enough revenue.

Samsung's IM division, which used to account for the majority of the vendor's overall operating profits, posted operating profits of KRW2.67 trillion on revenues of KRW24.0 trillion in the second quarter of 2018.

"With new flagship smartphone model launches, every content will increase in midrange models because smartphone makers support high-specification mobile games on device AI and dual camera as differentiation point [s]", Chun said.

The company spent 8 trillion won (7.2 billion US dollars) in capital expenditure in the second quarter, including 6.1 trillion won (5.5 billion USA dollars) for the chip business and 1.1 trillion won (984 million US dollars) for the display panel division.

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The main culprit for Samsung's lackluster results was handset sales. "The mobile market condition will likely remain challenging in the second half of the year amid pricing competition and new product launches".

Samsung launched the Galaxy J6 and Galaxy J8 smartphones with Super AMOLED Infinity display in India. 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.

Results dipped below an 11.05 trillion won net profit recorded for the same period past year.

Thanks to what is reportedly a poster in a Korean carrier store, it looks as if we now know the Note 9's release date: August 24.

The company said it will continue to solidify its reputation in the market for large-sized TVs down the road. While Samsung is the largest DRAM manufacturer, it has also been benefiting from a favorable product mix, with higher sales of high-density and high-bandwidth products.

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