Soft sales has Samsung's profit still slumping
Alongside Apple, Samsung has also posted their quarterly earnings. Like Apple, the company's smartphone division has problems maintaining the sales figures, but unlike Apple, there was really no division to mend it.
We already had an inkling of Samsung's not-so-great quarter, after the company issued their own estimate. Now that the April to June quarterly report has been officially released, we've got the actual figures, and the report alongside it, to figure out what happened.
Overall, the revenue of Samsung Electronics as a whole was down around 4% and operating profit more than halved year-over-year. Display Panel Business and IT & Mobile Communications were the ones that managed a upward trend compared to last years Q2, although the former was said to have benefited from a one-off gain.
The sharpest decline year-over-year was with Semiconductor Business but the company is happy about the rebound that it has made recently. In fact, alongside semiconductors every single division within Samsung Electronics, except for IT & Mobile Communications, increased revenue from previous quarter.
The company report said that high-end smartphones like Galaxy S10 didn't sell as well, while more mass market phones like the new Galaxy A series devices had stronger shipments.

Last night Apple revealed the latest quarterly results to the public, and we should expect by now, there are some all-time records involved.
Even though Huawei got awful news in May when Trump administration decided to add the company to a black list, effectively banning any US company to cooperate with them, the Chinese powerhouse has kept on going.
Nintendo has unveiled a new version of its highly successful gaming console Switch. The new version has first been introduced in Japan, but is expected to hit the U.S. soon.
For the first time in eight years, Netflix has suffered a loss in subscribers in the United States. The company that has seemed invincible has shown some signs of weakness.
Tesla has been working on its autonomous driving features for years, and slowly but surely they are inching towards what they call full self-driving. It's not a feature on all Tesla's, however, you'll have to pay quite a bit of extra for the option, and for the second time this year it's about to get more expensive.
Just recently Qualcomm unveiled their newest, and most powerful, mobile chipset. The new Snapdragon 855+ improves upon its predecessor, the Snapdragon 855, in both CPU and GPU prowess.
When people talk about satellite positioning systems, they usually refer to GPS. GPS is of course the US government owned venture that stands for Global Positioning System, but it is not the only game in town – or on earth rather.
Microblogging service – or perhaps after increase in character limit, miniblogging service – Twitter has redesigned its user interface, and released it to the public.
The leading chip manufacturer for Android phones has released a new system-on-chip. Qualcomm's new offering is called Snapdragon 855+ and it improves upon their flagship model with better performance.
The Finnish armed forces are readying new rules for the country's semi-compulsory military service. In the reform, entitled Koulutus 2020, Finnish for Training 2020, they disclose smartphone as training equipment, Finnish
YouTube has managed to dodge the 'copyright mafia' since the beginning, or at least since acquisition by Google, fairly well. I guess having tons of lawyers from Google helping out fighting the copyright problems has been the key.
Netflix newest and
Google has updated Chrome's Canary developer build with a new feature that some of us are fairly excited about. The feature is called Global Media Controls (GMC) and, as you might imagine, it allows you to control Chrome's media playback.
Tesla took a page out of Apple's playbook a while ago and started developing their own chips for their cars. Previously the self-driving chips were provided by Nvidia, but Elon Musk realized they could do way better in-house.





