However, the company said Monday that strong semiconductor sales and higher prices for its display panels should drive new record-breaking earnings in the next quarter.
According to analysts, the S9 ended up selling up to 9.5 million units, far below the initial projection of 15 million. "To address rising competition, we plan to launch Galaxy Note 9 early and add new features to our mid- and low-end lineups while continuing to... find ways to enhance cost competitiveness".
Lee also mentioned Samsung's "foldable smartphones", which are now under development. We hope that Samsung Galaxy Note 9 get good sales otherwise we will see similar balance sheet in the next quarter also.
Imran Khan claims victory in Pakistan election
Khan offered to investigate all the allegations of rigging and said he wants to "unite" the country under his leadership. The PTI has won 76 of the 272 seats in Pakistan's national assembly and is leading in 43.
"For OLED, earnings decreased quarter-on-quarter despite improved factory utilization for rigid products, as demand from major customers for flexible panels remained slow", the company explained.
The company said the new Note smartphone, which has often been the most expensive phone model from Samsung, would be sold for "a reasonable price" this time.
Samsung reported consolidated revenues of KRW58.48 trillion for the second quarter of 2018, down 3.4% sequentially and about 4% on year.
Samsung itself refrained from forecasting chip market conditions next year, but analysts think rising OLED sales could rescue the company's earnings.
Russian shipwreck could be laden with lost gold: The Cube
A South Korean Financial Ministry official responsible for the issue said that Russian Federation may be able to claim ownership. Shinil has also launched a cryptocurrency through its website, claiming to be using the ship as collateral.
Data released by market tracker Counterpoint Research in July showed Samsung's latest Galaxy 9 Plus premium handset had been overtaken by Apple's iPhone 8 as the world's top-selling smartphone. Samsung is once again expected to beat Apple in the operating profit category but by a difference of a hairline. for Q3 2018 which means a ratio of 25 percent.
The Galaxy Note 8 was showcased on August 23 previous year and went on sale on September 21.
Looking to the second half, the TV market is projected to grow YoY, especially in developed economies. 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. The World Cup's assist was felt even in Samsung's premium television products, such as QLED and ultra-large screen TVs.
The disappointment was greater in Samsung's information technology and communications business, which includes its smartphones.
Syria's 'White Helmets' evacuated through Israel
Britain is among the countries that will take in some of the 800 people removed overnight from Syria by Israeli forces. Israel said on Saturday that it maintains a "non-intervention policy" when it comes to the conflict in Syria.
Samsung shares slid 0.5 percent by 0254 GMT, compared with 0.1 percent drop in the broader market.