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Samsung posts slowest profit growth, poor Galaxy S9 sales to blame
Highlights
Samsung has reported a slump in its Q2 profits owing to the lower than expected sales of its flagship Galaxy S9 smartphone
Seoul [South Korea]: Samsung has reported a slump in its Q2 profits owing to the lower than expected sales of its flagship Galaxy S9 smartphone.
The South Korean tech giant reported a 4 percent sales revenue drop to about USD 52.3 billion, TechCrunch reported.
The operating profit recorded at 5.7 percent, indicating the slowest quarterly profit growth since first quarter of last year. Amidst this, the company's semiconductor business did well with a 45 percent Y-o-Y increase.
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