Samsung promise to bring "cutting edge technologies" to the Galaxy S10 following low Galaxy S9 sales

Ahead of Samsung Galaxy Note 9 launch, the company posted its quarterly earnings. Samsung reported a revenue of 58.4 trillion won ($52.1 billion) for the period, and operating profit of 14.87 trillion won ($13.3 billion), which is up 6%.

The company also acknowledged the fact that the sales of Galaxy S9 were slow. The company didn’t share the exact number of units sold but noted that it was slower compared to 2017.

Amid the stagnant high-end smartphone market, the IT & Mobile Communications Division reported a drop in earnings, both year-on-year and quarter-on-quarter, over slow sales of the Galaxy S9.

Samsung confirmed that it aims at better numbers moving forward especially with the upcoming Galaxy Note 9.

Samsung will seek to expand sales by introducing a new Galaxy Note earlier than usual, which offers exceptional performance for a reasonable price.

Interestingly, Samsung said that Galaxy Note 9 will be available for a reasonable price. We will have to wait for a week to find out what is a reasonable price according to Samsung. The company also shed light on its mobile division. Samsung plans to bring major cutting-edge technologies with the upcoming devices.

Looking to the future, the Company will continue to reinforce product competitiveness based on hardware leadership, by adopting cutting-edge technology and new form factors and gaining leadership in 5G.

Samsung might be talking about the upcoming Galaxy S10, which is finally expected to bring an under-screen fingerprint reader or even the long rumoured Galaxy X foldable device. Whatever it might be, Samsung needs Galaxy S10 to work. The company has already been beaten by Chinese brands in many countries.

Via: BGR