Samsung attributed the poor Galaxy phone sales to a few factors, including rising competition in the mobile phone market as well as its phasing out of lower end models of the phone.
Weak sales of its flagship smartphone, the Galaxy S9, drove down earnings but robust demand for premium TVs - thanks to soaring interest in the World Cup - and memory chips helped boost operating profit almost six%.
The earnings are sharply down from the 11.69 trillion won net profit registered last quarter, when the company reported a 52 percent jump on year.
"Consumers are losing the belief that the next version of a smartphone is actually smarter", said Paul Swiercz, a management professor at George Washington University.
Samsung's Galaxy A series has typically been the company's way to bring premium design to its mid-range to high-end smartphones, but a future iteration of the phones could include some truly interesting hardware as well.
YouTube’s new desktop video player ditches black bars
Some people are complaining that the videos are too big now, or that the full screen option no longer works properly. The new player also dynamically supports videos with an aspect ratio other than the traditional 16:9 ratio.
North Korea only returned one dog tag to identify war remains
Efforts to recover remains in North Korea have been fraught with political and other obstacles since the war's end. Initial tests show the human remains handed over by the north are likely that of American service members.
Ohio State coach Urban Meyer put on administrative leave after abuse allegations
Koffel said Wednesday that Smith never informed Meyer about the criminal-trespass charge even after Koffel told Smith to do so. Meyer worked for Bruce, who also coached the now-defunct University of Tampa program in 1972, and considers him a mentor.
The Apple components supplier and smartphone rival said operating profit from the mobile business sank 34 percent from a year ago, its fastest rate of decline since the first quarter of 2017, as cheaper Chinese-made handsets put pressure on margins. High demand from datacentres secured the profit, the company said.
The leaked SM-A750FN is listed as having a 1.6GHz octa-core Exynos 7885 chipset, which is most popular for making it into the Galaxy A8 (2018) earlier this year.
Overall, the company reported $13.3 billion in profit, up 6 percent from the same time previous year, on $52.1 billion in revenue.
Samsung's semiconductor business posted its highest-ever operating profit of 11.61 trillion won and revenue of 21.99 trillion won. Prices for 128 gigabit MLC NAND flash memory chips fell about 9 percent, according to inSpectrum Tech Inc. Samsung's digital appliances unit apparently isn't benefiting from record temperatures across the globe, as it described demand for its air-conditioning products as "weak". "Its third-quarter operating profit is expected to hit 16.8 trillion won", said Lee Seung-woo at Eugene Investment & Securities.
Samsung shares were down 0.5 per cent in early trading, compared with 0.2 per cent drop in the broader market.