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Samsung Electronics reported record profits for each quarter of last year, but it looks like this race is over. The company has just released an operating profit of 14.8 trillion won ($ 13.2 billion) of earnings of 58 trillion won ($ 51.8 billion) in the second quarter, which would represent a 0.7% drop in sales and an increase in profits of 11%. In the last quarter, Samsung made 15.64 trillion won of profits with a turnover of 60.56 billion won, the strongest results ever.
Analysts who speak to Financial Times and The Wall Street Journal say that poor sales of the Galaxy S9 weighed on Samsung's net profit in the second quarter; it would be sold the lowest of any flagship Samsung phone since the Galaxy S3, with shipments expected to be 31 million units this year. The Galaxy S7 2016 would have been Samsung's biggest hit, with around 50 million units sold.
Things could improve for Samsung later in the year, but OLED panel sales could disappoint. Apple would expect a new 6.1-inch LCD iPhone to account for a larger share of sales in its lineup this year, and announces the arrival of LG Display as an alternative supplier to the company. OLED for iPhone X models, which would have the ability to limit Samsung's ability to sell billboards and charge a premium.
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