Samsung GALAXY S9 today has a new confirmation of the fact that it is a real serious problem for the Samsung company, and now the information comes from the Koreans themselves, not from the analysts who have often been accused of not knowing what they are talking about. Last night, Samsung announced its financial results for Q2 2018, with the company's revenue falling 4% compared to the same period last year, reaching $52.28 billion for the three months ended June 30.
The Samsung GALAXY S9 contributed to the decrease in Samsung's revenue, and this is because the mobile division had a decrease in revenue of no less than 5.37 billion dollars compared to the same period last year. The figure represents about 20% of the total receipts of the mobile division in Q2 2018, so the problems with the sales of the Samsung GALAXY S9 had a significant impact on the receipts of the company Samsung, as expected.
Samsung GALAXY S9: LOSSES of BILLIONS of Dollars OFFICIALLY Confirmed
The Samsung GALAXY S9 was not mentioned by Samsung as a source of the problems it is experiencing now, with the company saying that the drop in demand for flexible OLED screens and the price of LCD screens is to blame. However, they only affect the receipts from the divisions through which they are sold, because the Samsung GALAXY S9 is part of another division, which recorded the biggest decrease in receipts of all, although it represents about half of the total receipts.
"The IT & Mobile Communications Division posted KRW 24.0 trillion in consolidated revenue and KRW 2.67 trillion in operating profit for the quarter. Amid the sluggish premium smartphone market and intensifying competition, Samsung's smartphone shipments and revenue declined QoQ due to the slow sales of Galaxy S9 and S9+ as well as the phasing out of older low-end models."
The Samsung GALAXY S9 is clearly a lost bet by the Samsung company, because losing 5 billion dollars in revenue is not something that can be easily overlooked, regardless of the company. Samsunt expects T3 2018 to be better, maybe Samsung GALAXY S9 sales will increase, or maybe Samsung GALAXY Note 9 it will be so good that it will really convince the world to spend more money on Korean products.
