The profit growth in the memory chip business began to stabilize this year but it is still the lion's share of Samsung's bottom line.
Although the company's semiconductor business achieved record high operating profits of 11.6 trillion won, the earnings were lower than expected, with market forecasts averaging 12 trillion won. While Samsung's revenue declined by 4% to 58.5 trillion ($52 billion), its net profit remained nearly flat at 11.04 trillion won ($10 billion). Samsung's overall operating profits slid almost 5% sequentially to KRW14.87 trillion in the second quarter.
Now, Samsung has also given a price cut to the popular Galaxy J6 smartphone for the second time. Revenue was also down 20 percent year on year to 24 trillion won. "Earnings from LCD also declined from the previous quarter as the shipment and average panel price continued the downward trend".
The device sports 18.5:9 screen providing almost 15 per cent more display area without increasing the overall size of the handset, the company said. During the second quarter, its semiconductor business generated 11.61 trillion won ($10.39 billion) in operating profit, almost 80 percent of the entire operating income. It offset weak demand for Samsung-made air conditioners.
While Google's tablet business is going through an existential crisis, Samsung went ahead and today introduced a flagship upgrade to its Galaxy Tab series.
Higher marketing expenses and the disappointing performance of the flagship S9 smartphone, which fell short of its sales target, weighed on its mobile performance, Samsung said.
We already know that the Samsung Galaxy Note 9 will launch of August 9, but it appears that the South Korean firm has quietly confirmed the release date for its new phablet as well.
Samsung said demand for DRAM chips, its main memory product, would stay strong in the second half thanks to the growth of server data centres used for cloud computing.
"At Samsung, we believe tablets play an increasingly important role in making lives easier and improving the mobile experience for everyone", said DJ Koh, President and CEO of Samsung Electronics.
The company spent 8 trillion won (7.2 billion USA dollars) in capital expenditure in the second quarter, including 6.1 trillion won (5.5 billion US dollars) for the chip business and 1.1 trillion won (984 million US dollars) for the display panel division.
Buttler is in the form of his life, having scored five consecutive half-centuries in the IPL before those Tests against Pakistan. Maybe the Adil Rashid furore will help", said Vaughan, who was one of the key characters involved in the Rashid "furore".
There is now a sense that China may have declared victory too early while the USA may have reacted too late in the day. The main criticism that the USA makes against China centers around the trade deficit America runs with China.
Meanwhile, Markle's estranged father, Thomas Markle , says he plans to send her a birthday card, whether she wants one or not. Insiders say that Markle needs all the support she can get because right now she doesn't feel like she can do anything right.
Just 13 days before Mars came into opposition, scientists trained the telescope toward it to take a snapshot of the Red Planet. Mars , the fourth planet of the solar system, orbits the Sun at a greater distance than our planet.
The president accused Democrats of obstructing his agenda and Brett Kavanaugh, who he chose as a Supreme Court nominee. Stay tuned to Breitbart News for live updates of the rally, which begins at 7 p.m.
A new report suggests that North Korea has continued to build new missiles, despite ongoing talks with the Trump administration. Increased inter-Korean cooperation to ease cross border tensions and improve relations is also tied to U.S.
Trump's tweet on Monday lacked something his post on Sunday had - a threat to shut down the government if he doesn't get his wall. Both Speaker of the House Paul Ryan and McConnell met with Trump last week to discuss funding the government.
Tesla also said it's working on a new version of its Autopilot semi-autonomous software that will have greater safety features. Tesla says it lost almost $743 million between April and June this year, compared with about $785 million last quarter.
Police have not yet made any arrests, with spokesman Thomas Agnevik telling reporters in Sweden: 'It's 1-0 to them right now. The royal treasures were taken from a cathedral in Sweden where they were on display.
Other signatories are working with Iran to try to save the agreement while Washington begins reimposing sanctions on Tehran . In May, the USA left a deal which curbed Iran's nuclear activities in return for the lifting of worldwide sanctions .
Zimbabwe election: Both sides certain of winning
This was the first time western observers were allowed to monitor the democratic process in Zimbabwe for nearly two decades. Zimbabwe's ruling ZANU-PF party has won a majority in parliament, according to partial results released Wednesday.
Rare dolphin-whale hybrid spotted near Hawaii
That hybrid, named Kekaimalu, still lives at the marine mammal park, where she helps teach children about genetics. Wholphins have also been conceived in captivity with the last one at Sea Life Park in Hawaii.
USA slaps sanctions over charged pastor; Turkey vows reprisal
US pastor Andrew Brunson reacts as he arrives at his home after being released from the prison in Izmir, Turkey July 25, 2018. Other analysts said the sanctions on Turkish government officials would likely harden Turkey's position on other key issues.
I'm better actress 'then' Priyanka Chopra, says Meera Jee
Priyanka , who is yet to open up about her relationship publicly, reportedly got engaged to Nick on her birthday two weeks ago. Pratt is playing the role of an agent with the fighting skills and personalities of a cowboy, a ninja, and a Viking.
Trump Now Says 'Collusion Is Not A Crime'
Rudy Giuliani is purposely exchanging "Conspiracy" for "Collusion" to intertwine a legal term of art with a political one. Richard Blumenthal (D-Conn.) wrote on Twitter on Monday, citing a reference in the federal code.
Minneapolis police ‘justified’ in killing black man
Schmidt said he saw the gun and feared for his life, and that's when he stopped running, aimed and fired at Blevins. He said police officers, including Kelly and Schmidt, were "promptly" available for interviews after the shooting.
Eight states suing Trump administration, company over 3D guns
But in the past three days, more than 2,500 people have downloaded Wilson's blueprints for 3D-printed AR-15 style assault rifles. In the meantime, the company agreed to block sales to users with IP addresses from Los Angeles, New Jersey and Pennsylvania .
Pricier iPhones Lead Apple to Beat Earnings Expectations
The Cupertino, California-based technology giant expects fiscal fourth-quarter revenue between US$60 billion and US$62 billion. Apple (NASDAQ: AAPL ) sold a total of 41.3 million iPhone units, but the projected amount was 41.6 million units.