The South Korean tech giant said that its April-June net income stood at 10.98 trillion won ($9.8 billion), up 2 per cent from 10.80 trillion won a year earlier.
Net income for Samsung came in at $9.8 billion, up 2 percent from the same quarter previous year. Mobile accounts for around 40 per cent of its total revenue.
In mobile, demand for high-density storage for new smartphones and high-end models is likely to remain robust.
The Apple Inc components supplier and smartphone rival said operating profit from the mobile business sank 34 percent from a year ago, and warned of stiffer competition in the second half due to the release of new models.
But earnings in the IT and mobile communications (IM) division tell a different story.
The display panel business recorded an operating profit of 140 billion won (125 million USA dollars) on revenue of 5.67 trillion won (5.07 billion US dollars). Revenue was also down 20 percent year on year to 24 trillion won.
Reuters claimed that it was all because the Galaxy S9 device missed sales targets and Samsung had lost its leadership of the smartphone market. The announcement will take place on August 9th and it's expected to be released later this month. As in the intro video, Samsung focuses heavily on two main areas to entice potential buyers - the Galaxy Tab S4 as an entertainment device and as a productivity tool.
But Samsung said it "expects sustained strength in the memory market and growing demand for flexible OLED panels to drive earnings higher in the second half". Behind the achievement is the company's past investments, as well as a super cycle in the chip industry that drove profits across the sector. We've already seen a ton of rumors and leaks when it comes to the Galaxy Note 9, and have also exclusively shared some content with you a while back. The largest smartphone brand in the world selling the same smartphones with a different name at a different price for the same consumers.
Samsung will make the tablet available for sale in the USA shortly. "The development requires research not only in the display, but the battery, case and used materials".
Despite some bumps in the road, the company's outlook remains sunny for the second half of 2018.
The proceedings, which could last weeks, kept the attention of President Donald Trump who defended his 2016 hiring of Manafort. Also of note today: Trump called for Attorney General Jeff Sessions to end Mueller's special investigation .
Each time Trump communicates his desire to impede, end or decapitate (by firing Mueller or Deputy Attorney General Rod J. Press secretary Sarah Huckabee Sanders said Wednesday that Trump's broadsides are simply the president "fighting back".
There was also a "muddle over the nature of the contempt being considered" and "the process was flawed", the judges added. At a hearing in July, Robinson's QC Jeremy Dein argued procedural "deficiencies" had given rise to "prejudice".
It was the last financial update before the second half of the year, when Musk had vowed the company would be profitable. That's less of a burn than analysts expected, and it means Tesla is under less pressure to seek more financing.
The Asian Games, co-hosted by the cities of Jakarta and Palembang, are expected to see a further cementing of that partnership. National anthems of the United States and South Korea were played, and the caskets were given a 21-gun salute by USA riflemen.
A firefighter runs while trying to save a home as a wildfire tears through Lakeport, Calif ., Tuesday, July 31, 2018. The fire, which is almost twice the size of Sacramento, was only 35 percent contained after more than a week.
Glorifying or criticizing certain weights can be especially triggering for people with eating disorders . My attitude towards food is incredibly unhealthy and I have to work with my therapist to reverse this.
One-of-a-kind hybrid fascinates scientists
For instance, perhaps when the mother was looking for a mate, she was unable to find a suitable one among her own species. So, the bad news is, we don't have a new species of whale-or dolphin-on our hands.
Airline reports plane accident in Durango, Mexico
Aeromexico are the flag carrier airline of Mexico. "Some people had burns on a quarter of their bodies", the AP said. Eighty people have been injured after a plane crashed minutes after taking off in Mexico , authorities said.
How to watch Samsung Galaxy Tab S4 livestream
The 2018 devices aren't the only Samsung flagships on sale either, as the Galaxy Note 8 is also getting in on the action. The results reflect Samsung's troubles in shoring up its mobile business, despite resilient demand for its memory chips.