Samsung's Q2 results are in: weak Galaxy S9 sales contribute to 4% revenue decline
Samsung Galaxy S9 and S9+
Breaking these figures down, the company notes that the increase in profit can be largely attributed to its semiconductor business, which once again performed strongly throughout the quarter. When it comes to the overall drop in revenue, though, the company has listed a number of factors such as weaker demand for the company’s flexible OLED displays and lower LCD panel prices. Perhaps the biggest contributing factor, though, was the drop in revenue registered by the company’s smartphone business.
Aiming to make the most of the higher smartphone demand that is being forecast, Samsung says it will seek to expand its sales by releasing the Galaxy Note 9 earlier than usual. Additionally, falling in line with recent reports, the company has confirmed that its mid-range models will begin adopting “advanced technology.” Also, on one final note, Samsung seemingly confirmed its plans to release a foldable smartphone soon by revealing that it would adopt new form factors in the future.
source: Samsung
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