Latest in Gear

Image credit:

Samsung looks to foldable OLEDs as phone sales slow down

Net profit dropped slightly from last year.
Richard Lawler, @Rjcc
July 30, 2018
Share
Tweet
Share

Sponsored Links

JUNG YEON-JE via Getty Images

As expected, Samsung's Q2 2018 earnings report shows that operating profit is still up from last year and net profit for the same periods came in 0.1 percent lower as growth is slowing. While its memory chip and processor businesses remain strong, the premium smartphone market is "sluggish" and has more competition, so it's introducing the new Galaxy Note slightly earlier this year to expand sales.

The new Note 9 will be revealed on August 9th, and could show us what Samsung has planned for its "unbreakable" flexible OLED technology. Samsung said it expected sales of flexible OLED to rebound in the second half, and said "the Company will incorporate more value-added features into panels and reinforce its competencies in new applications such as foldable displays" like the YOUM prototypes it showed off a few years ago or the device already rumored for launch in 2019.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

The 2020 Engadget Holiday Gift Guide

The 2020 Engadget Holiday Gift Guide

View
Zappos' pioneering ex-CEO Tony Hsieh dies at 46

Zappos' pioneering ex-CEO Tony Hsieh dies at 46

View
The Morning After: The best Black Friday deals that are still going

The Morning After: The best Black Friday deals that are still going

View
Vava’s 4K ultra short-throw projector is $840 off at Amazon

Vava’s 4K ultra short-throw projector is $840 off at Amazon

View
The best Black Friday tech deals we could find

The best Black Friday tech deals we could find

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr