Samsung’s earnings in the second quarter of this year decreases due to sales disappointing for Galaxy S9

galaxy S9

Samsung today announced its financial results for the third quarter of this year. The total proceeds of the South Korean company in this quarter, approximately $ 52.2 million dollars, which is the lowest revenue achieved by the company in the last twelve. She explained to Samsung that its revenues dropped in the second quarter of this year due to low sales of smart phones and companies, while the demand for memory chips was strong, just as analysts expected.

Witnessed the Department of information and Communication Technology-portable in the company, which is the Department in charge of Samsung Galaxy smart phones decrease in sales by 20 percent from the 30 trillion Korean won in the third quarter of last year to 24 trillion won of Korea in the second quarter of this year. The reason for these negative results is increased competition and the phasing out of the smartphones flowing old.

Expect Samsung to rise the demand for smartphones and tablets in the second half of this year, will focus this coming phone Galaxy Note 9 before the end of the second quarter of this year. As for the winner between all sections of Samsung’s semiconductor division, which made a profit strong. He described the section in charge of memory chips, NAND and DRAM to record levels of revenue, which makes it responsible for more than 37 percent of total revenue and about 80 percent of the total profit in this quarter.

Expect the South Korean company to bring this section to similar positive results in the second half of this year, it also anticipates demand for OLED displays flexible.

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