The top Samsung Galaxy Tab S4 features

Samsung Days sale

In the Display Business, the company saw weak demand for flexible OLED panels in the second quarter while the shipment and price for LCD panels also fell.

Meanwhile, the world's biggest chip and smartphone maker stated that operating profit increased 5.7 percent to 14.9 trillion won, or $13.3 billion, in the second quarter, slightly ahead of its 14.8 trillion won prediction. The company managed to sell just 9 million units of Galaxy S9 in the second quarter.

Overall, the company reported $13.3 billion in profit, up 6 percent from the same time past year, on $52.1 billion in revenue.

As reported before, Samsung's chip business is the primary reason why the company was able to post an operating profit that is higher than Apple's. "Therefore, chip prices are expected to remain strong", a Samsung official said on condition of anonymity.

If the estimate is realized, the Galaxy S9 would become the worst performing S-model since the Galaxy S3 in 2012.

Samsung has attributed the decline to "softer sales of smartphones and display panels" and claimed that the Galaxy S9 that went on sale at the end of the first quarter performed "slow". It will also debut a few weeks earlier than usual - a NY launch event is planned for August 9 - which Robert Yi, executive vice president for investor relations, said was part of a strategy to "address rising competition".

Samsung Electronics' growth momentum stalled in the second quarter as the lackluster performance of its smartphone and display divisions dragged results down.

In the market for a new Android tablet? During the Apple Q2 2018 earnings, the company's forecast for Q3 2018 is sales of $62 billion and an operating profit of $15.8 billion.

Samsung shares were down 0.5 percent in early trading, compared with 0.2 percent drop in the broader market. That device, which is expected to be called the Galaxy X, is based on new organic light-emitting diode technology that substitutes glass with a flexible plastic cover that enables the screen to bend and curve while still shielding it from harm.

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. It was Samsung's slowest profit growth for the company in more than a year.

Over the mid- and long-term, Samsung expects new opportunities in the component business from the ongoing transformation in the industry, led by the Internet of Things (IoT), artificial intelligence (AI) and 5G technologies.

Related news:

Hot News

isis-killer-beheading-video-story-top Firefighters outflank California blaze, last four missing found alive
Aug 02, 2018 - 22:41
Between July 26 and July 27, more than 20,000 residents of Redding were ordered to evacuate amid the rapidly-expanding Carr fire. Sanchez' home was destroyed in the fire. "Despite progress, the fires were only 12 percent contained".

Apple reaches $1,000,000,000,000 value
Aug 02, 2018 - 20:38
Since 1980, IBM, Exxon Mobil, General Electric and Microsoft have also alternated as the largest publicly listed U.S. company. Other technology companies with high-flying, trendy stocks are expected to join Apple in the $1 trillion club before long.

isis-killer-beheading-video-story-top Violence breaks out in Zimbabwe as Mugabe’s choice for president cries foul
Aug 02, 2018 - 15:40
Observers say it could be a tight race, but the opposition has said it will protest if their candidate is defeated. The 40-year-old vibrant leader says they have "won the popular vote".

isis-killer-beheading-video-story-top Republicans request Kavanaugh documents
Jul 31, 2018 - 20:18
Paul said in a statement , and "through my conversation with him, I have hope that in light of the new precedent in Carpenter v". Dick Durbin, D-Ill., and Patrick Leahy, D-Vt., alleged at the time that Kavanaugh may have misled Congress.

isis-killer-beheading-video-story-top U.S. economy grows 4.1%, the fastest pace since 2014
Jul 31, 2018 - 17:51
Growth has averaged just 2.2 percent since mid-2009 through the end of a year ago , the same as previously reported. But many think the annual 4.1 percent growth rate last quarter is likely the high point for any one quarter.

isis-killer-beheading-video-story-top Ryan doesn't back effort to impeach Rosenstein
Jul 29, 2018 - 00:01
Democrats meanwhile have accused Republicans of simply trying to discredit the FBI and undermine the Mueller investigation. He filed the articles of impeachment along with Rep.

isis-killer-beheading-video-story-top Facebook market value plunges $119 billion
Jul 28, 2018 - 19:51
Much ground has been lost in the short span of 24 hours - a fall from which Facebook will have to work hard to recover. If that holds through Thursday's close, he will slide to sixth place from third on the Bloomberg Billionaires Index.

isis-killer-beheading-video-story-top Demi Lovato Reportedly Refused Treatment Before Overdose
Jul 28, 2018 - 11:56
The split was a big topic in Lovato's 2017 YouTube documentary, Simply Complicated . Her debut album, the pop-rock "Don't Forget", released in 2008.

isis-killer-beheading-video-story-top Tour de France Stage 19 results: Primoz Roglic wins
Jul 28, 2018 - 08:30
Dumoulin, a time trial specialist and strong climber racing for Sunweb, was always likely to emerge as Sky's closest challenger. On Thursday the riders head out of the mountains with a 171km flat stage from Trie-sur-Baise to Pau .

isis-killer-beheading-video-story-top Carr Fire, Cranston Fire Rapidly Moving Through Calif.
Jul 28, 2018 - 04:41
By Friday morning, it had more than doubled in size, spreading across an area the size of the District of Columbia. A firefighter works to battle the Carr Fire at a home in Redding, Calif ., on Thursday.

isis-killer-beheading-video-story-top Queen Elizabeth gives Prince Harry and Meghan Markle another home
Jul 26, 2018 - 20:27
Friends say Prince Charles has nicknamed his new daughter-in-law "tungsten" after becoming faintly amused by her unbending ways. She doesn't know how to communicate with him, because he's afraid that he's using their communication for their own purposes.

isis-killer-beheading-video-story-top THE NORTHERN TRUST Player Commits: McIlroy Schauffele Molinari
Jul 26, 2018 - 20:15
I've watched this through the PGA Tour this year day in and day out, seeing him work as hard as anyone else". He walked over to his caddie, Michael Greller, and said, "Damn it, I looked at the board, dude".

isis-killer-beheading-video-story-top Unai Emery sends message to Arsenal supporters about Mesut Ozil
Jul 26, 2018 - 19:04
The 29-year-old quit the national side on Sunday citing "racism and disrespect" due to his Turkish roots as key to the decision after he was singled out for criticism when Germany bombed out of the recent World Cup in the group stages.

isis-killer-beheading-video-story-top Imran Khan may have early lead in Pakistan elections, unofficial results show
Jul 26, 2018 - 18:30
After decades in politics Khan, who is seen by many as the army's favorite candidate, looks set to lead the Islamic nuclear state. Provisional results shows Mr Khan's party was in the lead, but it is still expected to fall short of forming majority government.

isis-killer-beheading-video-story-top Republicans introduce articles of impeachment against deputy attorney general
Jul 26, 2018 - 16:55
The Justice Department essentially says it's trying to comply, but that these Republicans want a lot, and it takes times. Democrats charge that Republicans are targeting Rosenstein because they're trying to undercut Mueller's probe.