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Samsung is struggling to sell its latest phone, the Galaxy S9. The South Korean electronics company reported on Tuesday during the presentation of the quarterly figures. Samsung's business figure is returned.
Earlier this month, Samsung had pre-sorted provisional figures for a worse performance than the previous year, but second-quarter results were lower than analysts had thought.
The "disappointing sales" of the Galaxy introduced in February S9 came after years of steady growth.
Less sales revenue
In the second quarter, Samsung's business turnover rose to more than 58 billion won, nearly 45 billion euros. . A year earlier, 61,000 were won. The net result is 8.9 billion euros. A fraction lower than that of 2017.
The smartphone market is becoming saturated, and other electronics companies are also affected. For Samsung, it is increasingly difficult to surprise consumers with new gadgets.
But the market did not seem to hurt Huawei's competitor on Tuesday. The Chinese manufacturer of network equipment and smartphones announced Tuesday a growth in its business turnover of 15%, to nearly 41 billion euros. Usually, Huawei phones are much cheaper than those of Samsung or its competitors Apple.
Samsung wants to reverse the trend by introducing new models. In August, the electronics company wants to launch the 9 note at an accelerated rate and maybe even a collapsible phone will appear early next year, writes the British economic newspaper Financial Times .
Fleas go well
Not all divisions of Samsung, the largest smartphone manufacturer in the world, are in good shape. The department that makes computer chips, a very important element for Samsung, continued to grow rapidly, the company reported. Last year, Samsung Intel surpassed the world's largest chip maker after a quarter of a century.
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