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Samsung's profits halved due to slow sales of memory and flagship phones



Samsung Electronics has released second-quarter results in line with its previous forecast, stating that they are not great. Operating income decreased 56 percent year-over-year to 6.6 trillion won, the lowest since the fire risk for the Galaxy Note 7 2016 broke out, while revenue declined 4 percent to 56.13 trillion won.

Samsung has attributed its problems largely to the weak market conditions for its extremely important semiconductor business, although demand for storage has risen slightly. The situation is expected to improve somewhat in the second half of the year, although Samsung warns of "external uncertainties" likely due to the effects of various international trade disputes.

While revenue in the Samsung mobile sector grew by 8 percent The profit was down 42 percent compared to the previous year. According to Samsung, phone shipments increased overall, with sales for middle-range models like the Galaxy A50 and A70 strong, while the flagship (and more profitable) Galaxy S1

0 posted "weak sales momentum" during the quarter.

Samsung hopes for the upcoming development The launch of the Galaxy Fold and the Galaxy Note 10 will promote the sale of premium smartphones. The company also plans to launch "more competitive A-series models" in the second half of this year. It is expected that the display business will improve its performance through higher deliveries of OLED displays. Samsung believes that phone manufacturers will opt for thinner panels to mitigate the design limitations of 5G devices.


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