Samsung Galaxy Note9 will be released a week earlier

Galaxy A

It said the slow performance of the S9 and overall softer smartphone and display panel sales were the root causes of the drop in revenue.

Consolidated operating profit stood at 14.87 trillion won (13.3 billion US dollars) in the April-June quarter, up 5.7 percent from the same period of a year ago.

Semiconductors generated 11.61 trillion won in operating profit between April and June, posting a 44.6 percent year-on-year growth.

On the display side Samsung said earnings were weak due to decline in sales volumes, but OLED flexible panels are expected to increase sales.

The continued strength of the Company's memory business contributed to the higher operating profit.

The chip unit posted a record 11.6 trillion won operating profit in the second quarter, up 45 percent from a year ago and almost 80 percent of its total operating income.

"The year's second half is generally a peak season so smartphone and tablet demand is expected to go up", Samsung said.

North Korea 'making new missiles' despite USA pledge
There is no hint of a reason for North Korea to do so, and North Korea hasn't launched a test missile in about nine months. In recent months, U.S. agencies have raised their estimates of the size of North Korea's nuclear arsenal.

The move comes as the global market for premium smartphones hits a wall. The World Cup saw strong sales of premium televisions and the semiconductor department is still the company's major profit driver.

The Apple components supplier and smartphone rival said operating profit from the mobile business sank 34 percent from a year ago, its fastest rate of decline since the first quarter of 2017, as cheaper Chinese-made handsets put pressure on margins.

This is the first time Samsung DeX - which allows the Galaxy S8, Galaxy S9, and Galaxy Note 8 smartphones to be connected to a keyboard, monitor, and mouse to become a "desktop" - is available on a tablet. These bundles are the company's attempt at increasing the sales of the Samsung Galaxy Note 9 as this may be the last one of the series if the device doesn't bring in enough revenue. Samsung added that DRAM chip demand is set to remain steady as server data centres used in cloud computing continue to crop up.

Competition would heat up in the coming months as new smartphone models were released, it added. Reports from Engadget and CNET today say that T-Mobile will also be among the US carriers that sell the Galaxy Tab S4, but when contacted for confirmation, Samsung said that it didn't have any additional carrier info to share right now.

Samsung Electronics said it has allocated 8 trillion won in facilities investment for the second quarter.

Shares of Samsung Electronics traded at 46,150 won as of 10:03 a.m., down 0.75 percent from the previous session.

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