Samsung Mobile profits down 29.1% YoY in Q2 2018 due to low Galaxy S9 sales, says Galaxy Note9 will be priced reasonably

Samsung has reported its earnings for Q2 2018, in which the company has made operating profit of 14.87 trillion won ($13.3 billion), up just 5.68% YoY for the April-June 2018 period. After fourth straight record profit, this is a bit disappointing, due to softer sales of smartphones and display panels, despite robust demand for memory chips.  Continue reading “Samsung Mobile profits down 29.1% YoY in Q2 2018 due to low Galaxy S9 sales, says Galaxy Note9 will be priced reasonably”

Samsung’s Q2 2018 earnings guidance reveals 5.1% increase in profits

Samsung has posted its earnings guidance for the second quarter of 2018, which reveals that it will post 14.8 ( 14.7 ~ 14.9) trillion Korean won ($13.2 billion approx.) in operating profits for the quarter, just 5.18% increase from a year earlier. The main reason for this likely to be due to strong weaker-than-projected sales of its Galaxy S9 series smartphones unveiled earlier this year.

Continue reading “Samsung’s Q2 2018 earnings guidance reveals 5.1% increase in profits”