Samsung has reported its earnings for Q2 2018, in which the company has made operating profit of 14.87 trillion won ($13.3 billion), up just 5.68% YoY for the April-June 2018 period. After fourth straight record profit, this is a bit disappointing, due to softer sales of smartphones and display panels, despite robust demand for memory chips. It reported revenue of 58.48 trillion won, down 4.1% from 61 trillion won last year and net profit of 11.04 trillion won, almost same from a year earlier. IM sector that includes Mobile Communications and Networks Businesses posted 24.00 trillion won consolidated revenue and 2.67 trillion won operating profit for the quarter, down 29.1% compared to 3.77 trillion won in the same quarter last year. The company said that it will launch the new Note model with superior performance at a reasonable price in this quarter. Regarding the shipments and the expectations in mobile sector, Samsung said: Amid the sluggish premium smartphone market and intensifying competition, Samsung’s smartphone shipments and revenue declined QoQ due to the slow sales of Galaxy S9 and S9+ as well as the phasing out of older low-end models. The Company posted a drop in quarterly operating profit due to higher marketing expenses. Meanwhile, the Networks Business saw ...
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