Samsung Electronics Forecasts Operating Profit Growth at 5% in Second Quarter

Image Source ITHome

Image Source ITHome

A woman tries out augmented reality glasses with the new Samsung Galaxy S9 Plus mobile during the Mobile World Congress in Barcelona, Spain February 27, 2018. "Strong promotions ("How to shoot on iPhone") running up to the football (soccer) World Cup helped the tech giant to trigger buyer interest in Europe and other markets. iPhone 8 sales were steady in the USA postpaid channels". These results are expected to be posted on the last Friday of the month following the quarter, so stay tuned for more updates on the matter.

Sales are estimated at 58 trillion won, down 4.9 percent from 61 trillion won a year earlier.

During its recent earnings report, Samsung revealed that it has made around $13.2 billion in operating profit from a gross revenue of $51.8 billion.

Samsung, Apple and Huawei are rumored to be working on foldable smartphones. But as early as now, analysts are viewing its second quarter performance as the first decrease in seven quarters.

Moreover, a Chinese rumor claims that Samsung SDI is already manufacturing the batteries for the Galaxy X model. It is said that the phone would be held shut by magnets and that the display would turn on automatically when the hinge is open. The device will employ foldable display panels, which is expected to go into mass production this summer. But it's interesting to hear about the kind of changes the tenth-anniversary Galaxy S flagship could bring on the imaging front, and we can expect to see more rumors about the same surfacing online in the months to come. "They will provide a good experience to consumers if we make them well", Koh said at the time.

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