Samsung confirms slow Galaxy S9 sales in quarterly report

Samsung Galaxy Tab S4

In response to this pressure, Samsung is said to be planning a possible game-changer in the shape of the world's first foldable smartphone, due for release early next year.

"For NAND, demand remained robust on the back of the continuing trend toward higher density for smartphones and the increase in demand for server SSD due to expansion of cloud infrastructure".

By contrast, mobile competition is tipped to stay strong in the second half of 2018.

Samsung is planning on canceling the production on Samsung Note further on.

Although this latest S9 news isn't positive for Samsung the firm is working hard to bring new innovations to customers.

On the other hand, Samsung's handset business reported a big fall in quarterly profit from a year ago. That ended six straight quarters of earnings growth.

While total sales fell 4.1% year-on-year to 58.48 trillion won, the company's mobile division was particularly hard hit, with revenues plunging 22% in the same period. Disappointing sales of Samsung's flagship Galaxy S9 smartphones were largely to blame. The company also claimed that intensified global competition affected its performance.

Man Utd Great Has A Dig At Mourinho With Pep Jibe
I'm really looking forward to it and hopefully when the first game comes, I'm ready and I can get to start a game. Barcelona legend Xavi described Scholes as "the best central midfielder I've seen in the last 15, 20 years".

Just like their presence in the smartphone market, Samsung wants to dominate the tablet market as well.

Samsung isn't the only phone manufacturer that struggled in Q2, with Huawei Technologies also posting its slowest growth in H1 sales since 2013.

Lee Kyung-tae, a managing director at the IM division, said in a conference call Tuesday that the Note9 will "have a reasonable price with mainly core functions" and is expected to sell better than the previous model in the series. Smartphones accounted for 90 percent of its handset sales, it added.

Samsung officially lifted the lid off of its Galaxy Tab S4 tablet, and well before its Galaxy Note 9 Unpacked event that is set to take place next week.

Screen ratio of the 10.5-inch AMOLED display has been changed to 16:10 from 4:3 of its predecessor Galaxy Tab S3 for a more immersive visual experience, Samsung officials said.

Samsung has been developing several phones for its consumers and it seems it has spread itself too thin doing so. However, analysts expected the company to post about $9.97 billion in income. It was Samsung's slowest profit growth for the company in more than a year. You can go to Samsung's site or its app on Google Play Store, and submit your name, email ID, and carrier model of choice to reserve the smartphone.

Samsung will also reportedly release a 512GB version that will cost 1,353,000 won (around $1,201).

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