Q1 2018 was Samsung's sixth record quarter in a row, but it warned that Q2 would see a slowdown. "The smartphone market is not growing anymore but the competition is intensifying", said Lee Won-sik, an analyst at Shinyoung Securities.
Revenue likely came in at 58 trillion won ($51 billion), a decrease of almost 5 percent from a year earlier. Compared to the 14.07 trillion won profit from last year's second quarter, Samsung's performance improved, but it failed to reach the market's estimate of $15.2 trillion won, as pointed out by Yonhap. The iPhone 8 was trailed by the Galaxy S9 Plus, iPhone X, Xiaomi Redmi 5A, and the iPhone 8 Plus.
Belgium's Romelu Lukaku to recover from injury in time to face England
ET from Kaliningrad Stadium in Kaliningrad. "We want to breed a mentality that everyone in our squad wants to constantly win". Well over 30 games into the World Cup in Russian Federation and goals have been a certainty in all the matches played so far.
Weak LCD display prices are also blamed for the disappointing results, they said. The Galaxy S7 is likely to remain the company's best-selling phone, with 50 million units sold in the first year.
Samsung shares are down about 12 percent this year on concerns over slowing profit growth and a lack of technological innovation to drive smartphone sales.
The lack of design change coupled with incremental upgrades such as a specs bump, a minor camera upgrade along with the variable aperture mode was not sufficient to turn the tides in the company's favor.
Trump suspends prosecutions of migrant parents with kids at border
The order aims to keep families together while they are in custody, expedite their cases, and ask the Department of Defence to help house families.
Expectations are high for Samsung's foldable phone, which provides a bigger display experience when not folded.
Trump reverses family separation policy after tech, political backlash
In April, Attorney-General Jeff Sessions adopted a "zero tolerance " approach to illegal border crossings at the US-Mexico border. USA protocol prohibits children being detained because while with their parents are charged with a crime their children are not.