Samsung expects second-quarter profits to miss analysts estimates


Samsung has struggled with "weaker-than-projected sales" of its Galaxy S9 smartphones, according to Bloomberg, which have reportedly sold the lowest of any flagship Samsung smartphone since 2012's Galaxy S3 with expected shipments of 31 million units this year. The South Korean tech giant thinks its foldable phone could help keep its lead in the global handset market.

"It's a bit disappointing", Ko Gyeong-beom at Yuanta Securities Korea told AFP, noting the company had posted expectation-beating operating profits for several quarters.

Revenue likely came in at 58 trillion won ($51 billion), a decrease of almost 5 percent from a year earlier.

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She then broke back to level the third set at 4-4, but Rodina immediately earned another break and served out the victory. With errors flying off her racket the 23-year-old seemed down and out when she trailed 0-4 in the second set.

Samsung, whose shares are down nine percent so far this year, is also expected to issue guidance for the April-June quarter on Friday, giving estimates for revenue and operating profit. But as early as now, analysts are viewing its second quarter performance as the first decrease in seven quarters.

Reliable leaker Ice Universe claimed that the Galaxy X foldable smartphone will be unveiled at CES 2019, a month before the Galaxy S10 at the 2019 Mobile World Congress. The device might make it to the market in March 2019. Now that mid-2018 is here and the expected release date is drawing near, new Chinese and Korean rumors concerning the specs of the Galaxy X emerge, presenting truly revolutionary technologies. However, it didn't reveal any detail about its anticipated foldable handset. That patent was referring to a device called the Gear X, which looked like Samsung's older Gear watches. Furthermore, the report asserts that the Samsung SDI is developing a foldable phone with V-shaped battery.