Samsung Galaxy Note9 will have a reasonable price tag, confirms company

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They have raked up KRW24 Trillion this quarter, comparing KRW30 trillion.

Revenue for the April-June period dropped 4 percent to 58.5 trillion won. The fall in profit was reportedly caused by declining smartphone sales. Bucking the trend, the semiconductor sector posted record highs in both revenue and operating profit.

Consolidated operating profit stood at 14.87 trillion won (13.3 billion US dollars) in the April-June quarter, up 5.7 percent from the same period of a year ago.

"For DRAM, server demand stayed strong owing to the ongoing shift to higher density and expansion of data center infrastructure".

Despite some bumps in the road, the company's outlook remains sunny for the second half of 2018. "The product mix keeps delivering for Samsung", he added. While Samsung's position as the world's largest smartphone maker is still secure, lower-priced models are tempting some users away from the brand.

"Second quarter revenue fell due to softer sales of smartphones and display panels", Samsung said in a statement. That ended six straight quarters of earnings growth. The mobile business booked 2.7 trillion won in quarterly operating profit.

Samsung has been struggling with sales of its Galaxy S9 and Galaxy S9 Plus (review) lately, but that is not the only business the Korean manufacturer has been involved in.

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The shipment of the Galaxy S8, released in 2017, came to 37.5 million units on its first year, while that of the Galaxy S7 hit 48.5 million units in 2016. That work has fueled rumors of a foldable smartphone from Samsung for years. As such, the company say it "will be offering the Note 9 at reasonable prices in order to maximize sales". The Galaxy Note9 is scheduled to launch on August 9. Until mow there were rumours that Samsung could use this display in its Galaxy X phone but now when the company is planning to bring in high-end features to its Galaxy A series phones, it wouldn't be wrong to expect the unbreakable OLED panels in Galaxy A series phones too. However, analysts expected the company to post about $9.97 billion in income.

The consumer electronics unit's profit was lifted by stronger sales of premium TVs such as the QLED models, which stemmed mainly from a major global soccer event.

"Looking forward, more affordable premium devices might be the solution the market needs in the second half of the year to drive shipments back in a positive direction", IDC research manager Anthony Scarsella said at the time. Note's 9 won't spike up the sales for the Korean company this year.

Samsung then said it is preparing the release of micro LED TVs customized for businesses and households, respectively.

Samsung also said it would pay out dividends of 354 won per share for the second quarter on August 20.

For the Samsung Galaxy Note 9 with 128GB storage, the ad shows that it's priced at around 13,500,000 rupiahs ($933) and the one with 256GB storage is at 17,500,000 rupiahs ($1,210).

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