Samsung posts slowest profit growth, poor Galaxy S9 sales to blame
Seoul [South Korea], July 31 (ANI): Samsung has reported a slump in its Q2 profits owing to the lower than expected sales of its flagship Galaxy S9 smartphone.
ANI
Jul 31, 2018 13:15 IST
Seoul [South Korea], July 31 (ANI): Samsung has reported a slump in its Q2 profits owing to the lower than expected sales of its flagship Galaxy S9 smartphone.
The South Korean tech giant reported a 4 percent sales revenue drop to about USD 52.3 billion, TechCrunch reported.
The operating profit recorded at 5.7 percent, indicating the slowest quarterly profit growth since first quarter of last year. Amidst this, the company's semiconductor business did well with a 45 percent Y-o-Y increase. (ANI)
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