South Korea Takes World Lead in 5G Launch

Samsung set to launch first 5G smartphone

Credit: ShutterstockSamsung today in its Q1 2019 earnings reported its lowest operating profits in the past five years, primarily due to a rapid decline in memory chip prices, as well as slowing smartphone sales.

Revenue likely fell 1.4 percent to 14.9 trillion won, the South Korean firm said, below a 15.3 trillion won consensus.

It is a shocking drop of 60% in operating profits from a year ago, and the company's lowest in ten quarters.

Samsung withholds net profit and sector-by-sector business performance data until it releases its final earnings report, which is expected later this month. PC and server DRAM prices are estimated to have plummeted by almost 30 percent in the first quarter of 2019 and DRAM average selling prices down 20 percent, according to DRAMeXchange last month.

But analysts say for this year the company will have to endure a down-cycle. Despite the fact that demand continues to fall from year to year. The change came hours after a meeting between the carriers and government regulators, who modified service terms so that the companies could sign up users earlier. As it relates to all of that, not only is Samsung suffering from the usual seasonal downturn, but smartphone sales are slumping globally, which further affects memory chip sales. Samsung has developed a visual display that fully immerses consumers in the high-quality HD content, games, augmented reality and video conferencing made possible through 5G. In South Korea, the price of Galaxy S10 5G will be from $1,230 - 256GB to $1,360 - 512GB.

Verizon has yet to announce any plans for the Galaxy S10 5G, but we've known for a while that the carrier will stock the handset.

It's also coming in with four cameras on the back - 12-megapixel telephoto, 12-megapixel wide-angle, 16-megapixel ultra-wide, time-of-flight camera - and a 10-megapixel front snapper coupled with a ToF camera. This includes 5G service coverage throughout various major national highways and high-speed railways.

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