Samsung's Q2 2018 earnings confirm slow sales of the Galaxy S9
Samsung just released its earnings report (opens in new tab) 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:
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.
A great single camera is always better than a mediocre dual camera
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Joe Maring was a Senior Editor for Android Central between 2017 and 2021. You can reach him on Twitter at @JoeMaring1.
They should concentrate on innovating, not silly commercials that obviously don’t work,
That foldable phone will be a joke, if it ever happens(like that under display finger print scanner, by the time they figure that out,every phone will have Face ID.
Just find those commercials that bash Apple kind of weird,
We're on Samsung's S cycle, you know, last year's reimagined design with this year's new specs.
Revenue 24T KRW (down 20% yoy)
Profit 2.67T KRW (down 34% yoy)