The Korean electronics giant said Thursday that it expects to record an operating profit of 14.8 trillion Korean won ($13.2 billion) for the three-month period ended June 30, an increase of 5 percent over the year-ago-period. That compares with the 15.3 trillion-won average of analysts' estimates compiled by Bloomberg.
In January, reports claimed that Samsung was looking to set the Galaxy X launch this December or early 2019. This device will serve to expand the lineup's market penetration and boost Samsung's overall gadget sales.
Revenue likely came in at 58 trillion won ($51 billion), a decrease of almost 5 percent from a year earlier. The Note 9 is Samsung's second flagship phone for the year and as in the past, this will give us a glimpse of next year's Galaxy S phone.
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Weak LCD display prices are also blamed for the disappointing results, they said.
Analysts have also lowered their views on Samsung, the Financial Times reported. This is a way for the South Korean phone maker to gauge the marketability of the device. "While chips and phones cancel each other out in profit, the weakening won may work in Samsung's favor in the second half".
The new phone is expected to have a 6.38-inch display, slightly bigger than the current model's 6.32-inches. Unlike many online publications, we don't have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.