Samsung Electronics' growth stalls in Q2-INSIDE

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"Second quarter revenue fell due to softer sales of smartphones and display panels, despite robust demand for memory chips", the company said in a statement.

Samsung's latest quarterly earnings confirm what analysts were expecting: the Galaxy S9's sales aren't so hot.

Samsung is pushing to launch Galaxy Note earlier this year, since they've already confirmed the launch event which will take place August 9.

"For OLED, earnings decreased quarter-on-quarter despite improved factory utilization for rigid products, as demand from major customers for flexible panels remained slow", the company explained.

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The slump is the biggest drop in market capitalisation in history - far exceeding Intel's $91bn single-day loss in September 2000. It wasn't since the turn of the century almost two decades ago that anything close to such a huge loss was registered in the U.S.

Samsung's DP business posted operating profits of KRW0.14 trillion on revenues of KRW5.67 trillion for the second quarter.

Like other big electronics firms, Samsung faces challenges from the US-China trade war, falling prices of some memory chips and the rise of cheap Chinese-made handsets.

But "the mobile market condition will likely remain challenging in the second half amid pricing competition and new product launches", it said, adding that it would respond by launching its Galaxy Note 9 smartphone earlier than expected.

Analysts have also pointed out that the Galaxy S9, the company's flagship smartphone for the year could be its worst selling Galaxy-S smartphone since the Galaxy S3.

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Will Samsung be able to generate a higher operating profit compared to this figure with the release of the Galaxy S10 and Galaxy S10 Plus?

Our thanks to investment research platform Seeking Alpha for the transcriptions from Samsung's July 30 Q2 earnings call. Samsung Knox, the company's enterprise solution, will allow IT managers to tailor interface with their business needs.

"We are hoping that such adoption will serve as a catalyst in the stagnated mobile market", said Kyeong Tae Lee, who is the vice president of Samsung's mobile business. However, from them, we can guess that in other markets the price of the Galaxy Note 9 may be similar to the price of the Galaxy Note 8; in the USA, the Note 8 started at $929 unlocked, and in the United Kingdom, £869.00.

A few days ago, we learned that Huawei is looking to beat Samsung to market with a foldable phone of its own, just so that it can claim the "world's first" title. By segment, the chip business accounted for 6.1 trillion won, followed by the display division with 1.1 trillion won.

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Additionally, Samsung's OLED manufacturing business has an unrivalled market share, and its flash memory and DRAM business are also bringing in record profits for the manufacturer.

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