Samsung just released its earnings report for the second quarter of the year, and in regards to its mobile sales, things are less than ideal.
Although no exact numbers were given, Samsung says that its IT & Mobile Communications division saw a drop in sales for both year-to-year and quarter-on-quarter performance due to the Galaxy S9 seeing "slow sales." Despite that, the company's network business "achieved solid growth" thanks to Samsung's investments in LTE technologies.
Looking ahead, things might remain bleak for Samsung phones for a while. Per Samsung's report:
The mobile market condition will likely remain challenging in the second half amid pricing competition and new product launches.
To help combat this, Samsung still has faith in the upcoming Galaxy Note 9 and other mid-to-low-range handsets that'll be released this year.
As for overall sales, Q2 2018 (which ended on June 30) saw total quarterly revenue of KRW 58.48 trillion which is 4% less than what was reported in Q2 2017. On the flip side, quarterly operating profit saw a 6% increase at KRW 14.87 trillion.
We may earn a commission for purchases using our links. Learn more.
Cyber Monday Canada: 100+ of the BEST Cyber Monday deals in Canada
There's no getting around it: Cyber Monday is the best time to buy the tech (and other stuff) on your wishlist.
Note 20 and Galaxy Z Flip getting festive Mystic colors for the holidays
Samsung is gearing up for the holiday season with the launch of two limited edition color variants for the Galaxy Note 20 and Z Flip 5G. New deals are going live that should make it easier for shoppers to snag these devices while they're available!
From the Editor's Desk: My little Black Friday victories
After enjoying more than my fair share of turkey and pie, I was happy to work off my holiday stress through virtual Black Friday shopping. I was able to find most of what I wanted; were you?
The Galaxy S20 FE is fantastic, so grab a case to keep it looking good
Samsung unveiled the Galaxy S20 FE and the device is sure to turn plenty of heads for the next few months. With stiff competition in the mid-range market, it's clear that Samsung wants to compete and the S20 FE is fantastic. If you're picking one of these awesome new devices up, make sure you pair it with a case to keep it looking awesome.