Samsung's Ever-Rising Profit Should Be Confined to Memory

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Now that mid-2018 is here and the expected release date is drawing near, new Chinese and Korean rumors concerning the specs of the Galaxy X emerge, presenting truly revolutionary technologies. And that's not a surprise, considering that Samsung has copied the iPhone extensively over the years. The Galaxy X will likely not cannibalize sales for the Galaxy S10, as the foldable smartphone is expected to be a niche device with a price tag that may go as high as around $1,800, almost double the price of the $1,000 iPhone X by rival Apple. A folding phone can't be easy to make, hence why it's supposed to be playing it safe by only making a limited number of devices.

The Galaxy S9 series is largely a copy of the Galaxy S8, even though it's not exactly similar, and one of the few Android flagships that don't look like an iPhone X. It has a refined design and much better specs.

The biggest loser in May was the the Samsung Galaxy S9 which was enjoying second place in April with 2.6% market share but slipped to sixth place with 2.1% after Xiaomi muscled in with its Redmi 5A to get to fourth place with 2.2% market share. The S9 has reportedly sold the lowest of any Galaxy phone since the S3 released back in 2012.

It's no secret that smartphone sales are in a slump.

South Korean tech giant Samsung Electronics Co Ltd estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. Operating profit for the three-month period is expected to come in at 14.8 trillion won ($13 billion) from 58 trillion won (£39bn) in revenues. This contradicts reports that the Galaxy S10 will be unveiled first.

Weak LCD display prices are also blamed for the disappointing results, they said.

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