In recent quarters, the days of Samsung mobile phones have been very bad, and sales and market share have fallen a lot. However, due to the rising business of the chip division, it not only compensates for the decline of the mobile phone sector, but also achieves profit growth.
According to the news of Yonhap News, Samsung Electronics announced its second-quarter results in FY 2018 today. Thanks to strong sales of new products, Samsung’s profit in the second quarter of 2018 reached 14.78 trillion won, or 13.3 billion U.S. dollars. , a year-on-year increase of 5.71%. However, Samsung Electronics' revenue in the second quarter was 58.48 trillion won (about 52.3 billion US dollars), down 4.13% year-on-year.
In terms of categories, Samsung Electronics’ operating profit in the second quarter was 2.7 trillion won; the operating profit of the chip division was 11.6 trillion won; and the operating profit of consumer electronics was 0.51 trillion won. Samsung also said that in the second half of the year due to storage devices and OLED flexible screens. The launch will allow Samsung Electronics' revenue to grow further.
On August 9th, Samsung's new product release will be held in the second half of the year. Galaxy Note9, Samsung's new generation of smart watches and other new products will be released, which will greatly help the market.
