Samsung expects second-quarter profits to miss analysts estimates

07 July, 2018, 03:03 | Author: Elena Summers
  • Samsung Galaxy S8

It is not hard to imagine the reasons why Samsung is expected to experience a awful quarter, because according to analysts, the reason for the drop in profit is lackluster Galaxy S9 sales.

"It's a bit disappointing", Ko Gyeong-beom at Yuanta Securities Korea told AFP, noting the company had posted expectation-beating operating profits for several quarters.

Samsung's operating profit estimate for the second quarter was also lower than the 15.6 trillion won or US$14 billion profit it generated during the January-March period.

Counterpoint Research says Apple's recent "How to shoot on iPhone" promotional campaign in the run-up to the world cup helped push sales of the iPhone 8 in Europe and other markets. This contradicts reports that the Galaxy S10 will be unveiled first.

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Samsungs's foldable flagship Galaxy X phone is expected to go official in the initial months of 2019 alongside the Galaxy S10. But it's interesting to hear about the kind of changes the tenth-anniversary Galaxy S flagship could bring on the imaging front, and we can expect to see more rumors about the same surfacing online in the months to come.

German site AllAboutSamsung reports that the company is expected to launch a triple camera setup on the most premium Samsung Galaxy S10 (Beyond 2). These OELD displays are said to be 7.3-inch wide while unfolded and 4.5-inch in folded state. I am eager to make foldable phones because their impact on the industry will be very big.

Samsung has since acknowledged its plan to expand its smartphone portfolio. Furthermore, the report asserts that the Samsung SDI is developing a foldable phone with V-shaped battery.

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