Galaxy S10 and "new form factor" teased by Samsung

Galaxy S10 and

Galaxy S10 and "new form factor" teased by Samsung

Amid the stagnant high-end smartphone market, the IT & Mobile Communications Division reported a drop in earnings, both year-on-year and quarter-on-quarter, over slow sales of the Galaxy S9.

Huawei's foldable smartphone could reportedly launch in the beginning of 2019.

Samsung warned of stiffer competition in the second half due to the release of new models.

Samsung's major smartphone released in the first quarter was the Galaxy S9 models.

The company added however that robust demand for memory chips helped boost the operating profit.

Although it doesn't break out divisional revenues in fine detail, the company said its semiconductor business unit, responsible for DRAM and NAND flash, enjoyed strong results thanks to demand for its DRAM in data-center applications and NAND for high-capacity solid-state storage, even as prices for flash memory devices have begun to fall.

Revenue for the April-June period fell 4 per cent to £39.8 billion ($52.3 billion), broadly in line with Samsung's earlier estimate.

"The Samsung Galaxy On8 2018 mobile features a 6.0" (15.24 cm) display with a screen resolution of 720 x 1480 pixels and runs on Android v8.0 (Oreo) operating system.

Mobile, however, saw an operating profit of 2.67 trillion won and revenue of 24 trillion won. "The mobile market condition will likely remain challenging in the second half amid pricing competition and new product launches". The Galaxy On8 is an online exclusive product just as the On6, and will be available on Flipkart and Samsung Online Shop - shop.samsung.com/in for a starting price of Rs 16,990.

An earnings call with Samsung suggested that a new set of phones were coming soon.

When folded, it will work as a phone, and can be unfolded to operate as a tablet.

Instead the livestream is ready to start on Samsung's official website, and you'll be able to watch the event using this link here. During the visit, the heir allegedly showed keen interest in how Chinese companies are producing quality phones at cheaper prices and ordered new measures to respond to them.

Operating profit for the world's biggest chipmaker and smartphone maker rose 5.7 percent to 14.9 trillion won ($13.3 billion) in the second quarter, Samsung said in a regulatory filing, compared with 14.8 trillion won it had estimated.

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