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Samsung's Q2 results are in: weak Galaxy S9 sales contribute to 4% revenue decline

Samsung Galaxy S9 and S9+

Falling in line with the company’s previous financial guidance report for Q2 2018, Samsung has today confirmed that its sales for the three-month period ending June 2018 totaled $52.28 billion, representing a year-on-year decline of roughly four percent. However, on a slightly more positive note, the company’s operating profit actually rose 6 percent versus last year to $13.28 billion.

Breaking these figures down, the company notes that the increase in profit can be largely attributed to its semiconductor business, ...

from PhoneArena - News https://www.phonearena.com/news/Samsungs-Q2-results-are-in-weak-Galaxy-S9-sales-contribute-to-4-revenue-decline_id107259
via Telephone Engineers

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