Samsung's next smartwatch to be called Galaxy Watch, use Wear OS

07 July, 2018, 09:56 | Author: Leah Owens
  • Image Source ITHome

"Sentiment is absolutely not positive as South Korea heavily relies on exports, but we should see if that really hurts financially key exporters like Samsung", said Park Jung-hoon, a fund manager at HDC Asset Management that owns Samsung shares.

Samsung reports that, during Q2 2018, the company saw a Consolidated Operating Profit of about 14.8 trillion won, with Consolidated Sales of about 58 trillion won.

During its recent earnings report, Samsung revealed that it has made around $13.2 billion in operating profit from a gross revenue of $51.8 billion.

Samsung's profit growth continues to be sluggish as apparently poor sales of the Galaxy S9 offset the strong performance of its component business. Apparently, this year's flagship is seeing the lowest sales of any Samsung flagship since the Galaxy S3 back in 2012. These results are expected to be posted on the last Friday of the month following the quarter, so stay tuned for more updates on the matter. A month earlier, the iPhone X had held a huge lead.

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Running Android 8 Oreo, the Galaxy J7 Star sports a 5.5-inch Super AMOLED display with a classic 720 x 1280 pixels resolution, and employs a pretty generic design that Samsung's been using for years on its less advanced phones. Earlier reports claimed that it's the other way around and the S10 would be launched earlier than its predecessor. According to a newly-granted patent, Samsung's Korean rival LG could be another major brand to launch a smartphone with foldable display.

That said, Samsung may have liked the look of its Google-seeded smartwatch and changed its plans.

Samsung hopes its foldable phone would improve its profit.

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