Samsung's operating profit manages to grow in Q2 on brisk chip sales

Galaxy A

In the Display Business, the company saw weak demand for flexible OLED panels in the second quarter while the shipment and price for LCD panels also fell.

Analysts expect Samsung's operating profit to reach over W17 trillion in the third quarter thanks to the booming semiconductor market.

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

Adding to its troubles, its vice-chairman Lee Jae-yong, scion of the Samsung group's founding family, was jailed previous year for his part in the sprawling corruption scandal that brought down former president Park Geun-hye.

The display panel business posted an operating profit of 140 billion won, falling sharply from 1.7 trillion won posted a year earlier and from 410 billion won posted a quarter earlier.

"With Samsung DeX, you can open multiple desktop-style windows for your Android apps, including the Microsoft Office suite, directly on the Galaxy Tab S4, and re-size them when needed", Samsung wrote in a news release. In addition a sooner-than-expected launch date for its next generation Galaxy Note model, Samsung will work towards more competitive pricing and quicker adoption of future technology overall, throughout all of its lines of product. During the Apple Q2 2018 earnings, the company's forecast for Q3 2018 is sales of $62 billion and an operating profit of $15.8 billion.

Samsung posted its slowest growth in quarterly profit in over one year Tuesday as the Galaxy S9 missed its sales targets while competition increased, casting doubt on the lead it holds in the global smartphone market.

The smartphone market is overly saturated. 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. The device will be available in Blue and Black color options and is sold through Flipkart and Samsung Online Shop starting August 6th. But it expected challenges in the mobile business going forward. However, from them, we can guess that in other markets the price of the Galaxy Note 9 may be similar to the price of the Galaxy Note 8; in the USA, the Note 8 started at $929 unlocked, and in the United Kingdom, £869.00.

The company spent 8 trillion won (7.2 billion US dollars) in capital expenditure in the second quarter, including 6.1 trillion won (5.5 billion USA dollars) for the chip business and 1.1 trillion won (984 million USA dollars) for the display panel division.

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