Samsung's mobile device division continues to make huge profits in the second quarter of this year

It is therefore time for companies to disclose their financial results for the three months ending in June. Samsung is expected to announce its unaudited financial results later in the day, and the operating profit of the mobile division of the South Korean company is expected to reach 13.3 billion US dollars. The result is just below the 15.6 billion won won by the South Korean company in the first quarter of this year.

Park Jung-hoon, an analyst at HDC Asset Management, says do not expect much from the mobile division in the third quarter of this year, despite the arrival of the Galaxy Note 9, expected early August. Another ineffective reason is the lack of innovative features on the Galaxy S9 and Galaxy S9.

The performance of the smartphone division between April and July may not be the same on the other side but the results of the semiconductor department are more than fantastic. Samsung is expected to see a 50% increase in operating profit from the previous year to a record $ 11.18 billion. Unaudited financial results are expected later in the day, while full financial details are expected by the end of this month.

Source.