Although it doesn't break out divisional revenues in fine detail, the company said its semiconductor business unit, responsible for DRAM and NAND flash, enjoyed strong results thanks to demand for its DRAM in data-center applications and NAND for high-capacity solid-state storage, even as prices for flash memory devices have begun to fall.
Samsung is planning on canceling the production on Samsung Note further on.
There are reports that Samsung Galaxy S10 could be the first phone from Samsung to come with triple rear cameras but the latest report hints that Galaxy A 2019 series phone could be the first phone from Samsung to sport three cameras on back.
Samsung has successfully managed to displace Xiaomi and regain the top spot in India's smartphone market. A couple of months ago in the second quarter earnings Samsung said there will be "an early introduction of the Galaxy Note", but refused to give an exact date. The company also laid the blame at "weak demand" for its flexible OLED display panels.
Quarterly operating profit improved 5.71 percent to 14.87 trillion won from 14.07 trillion won in the previous year.
Samsung isn't the only phone manufacturer that struggled in Q2, with Huawei Technologies also posting its slowest growth in H1 sales since 2013.
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The company said it would bolster its flagship lineup by marketing the new Note 9 "at a reasonable price" and packing its middle-and-low end products with updated features to fend off competition.
"The market for the premium smartphones decreased, and the market also resisted against the increase in prices", Samsung said, claiming it failed to enjoy immediate effects of various financial programs to promote the sales of its products.
These are not the only plans Samsung has prepared for this year, there are other plans much expensive and probably much more exciting. 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 Samsung rival already uses the OLED panels in the iPhone X and two new phones are expected from Tim Cook's team later in the year.
The disappointment was greater in Samsung's information technology and communications business, which includes its smartphones.
Samsung said it also chose to hand out dividends of 354 won per shares, with the combined amount of 2.4 trillion won.
Samsung shares decreased 0.3 percent, compared with the flat broader market.