Samsung profit slows down in Q2 2018 due to unimpressive Galaxy S9 sales

Samsung has just posted its financial report for the second quarter of 2018. The Korean conglomerate reached KRW58.48 trillion (around $52.2 billion) in sales, its lowest result for the past 12 months. Samsung stated the decline in revenue, hinted earlier in the earnings guidance was due to lower sales of smartphones and display panels, while demand for memory chips remained strong, just like analysts predicted. Тhe IT & Mobile Communications division, responsible for the Galaxy smartphones saw its sales fall 20% from KRW30 trillion to KRW24 trillion on a yearly basis....

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