The electronics maker is reporting estimated profit of 14.8 trillion Korean won (USD$13.2BN) on revenue of 58 trillion Korean won (USD$51.9BN) for the quarter.
According to Gartner's most recent figures, Samsung has a 20.5 per cent share of the market, ahead of Apple on 14.1 per cent, Huawei on 10.5 per cent and Xiaomi on 7.4 per cent. "The smartphone market is not growing anymore but the competition is intensifying", said Lee Won-sik, an analyst at Shinyoung Securities. This may mean that Samsung isn't too anxious about the low sales of this year's S9 models.More news: Scott Pruitt resigns -- July 5, 2018 at 3:50 PM
All in all, the Samsung Galaxy J7 Star is not made to turn heads, but it's an option to consider if you aren't willing to pay more than $300 for a new T-Mobile smartphone. The firm did not elaborate and will release detailed earnings in late July.
This is still another record profit for the company, but the mobile unit's performance is cause for concern.
Investors are growing increasingly concerned however about the prospect of an all-out trade war between China and the United States, and how this could impact major exporters like South Korea's tech champions.More news: Federer breezes into third round at SW19
Those rumors were given a lot more credence not long after when Evan Blass reported that Samsung was internally testing Gear devices with Wear OS on board.More news: Kim, Xi Said to Agree US Troops Should Leave South Korea