We are dubious that name of the foldable phone will actually by the Galaxy X. We have seen a lot of people call the iPhone X the iPhone 10 (think back to year 8 Roman Numerals) so it would be very confusing for many customers to have both the Galaxy S10 and the Galaxy X available and launched around the same time.
Sluggish global smartphone sales are starting to crimp earnings at Samsung Electronics Co., which posted profit that fell short of estimates. The figure represents a 5 percent decline from its previous quarter, when operating profit hit an all-time high of 15.6 trillion won. This may mean that Samsung isn't too anxious about the low sales of this year's S9 models.
Weak LCD display prices are also blamed for the disappointing results, they said. "While chips and phones cancel each other out in profit, the weakening won may work in Samsung's favor in the second half".
Samsung said it will publish its full second-quarter earnings later this month.
Putin meeting an accomplishment in itself, envoy says
Putin, which they would say bolster allegations of Trump campaign collusion with Moscow to hack the 2016 presidential election. Trump also plans to discuss Russia's actions in Ukraine and a possible resolution of the conflict in Syria, the official said.
Sales are estimated at 58 trillion won, down 4.9 percent from 61 trillion won a year earlier.
Samsung warned in April that its mobile business would see "stagnant sales of flagship models amid weak demand and an increase in marketing expenses" in the second quarter.
The semiconductor business forms the largest portion of Samsung's profit. Qualcomm will be the supplier of optical fingerprint sensors used in Samsung's new phones, while Chinese camera module maker O-Film will also supply key components.
Analysts have also lowered their views on Samsung, the Financial Times reported. "The smartphone market is not growing anymore but the competition is intensifying", said Lee Won-sik, an analyst at Shinyoung Securities.