Galaxy Note 9 S-Pen could control your music

Samsung Galaxy X foldable battery

Samsung is widely rumoured to unveil a foldable smartphone called Galaxy X next year, which is supposed to be the company first foldable phone. The figure represents a 5 percent decline from its previous quarter, when operating profit hit an all-time high of 15.6 trillion won.

Smartphone sales started to cool a year ago after a decade of robust growth, but Samsung had managed to weather the slowdown, thanks to demand for memory.

Bloomberg notes that Samsung's OLED sales to Apple for its iPhone X have also been weaker than expected, despite Apple having flogged 52.2 million phones in the second quarter.

"While chip sales keep rising, smartphones aren't looking good", said Jung Sang-jin, a fund manager at Korea Investment Management.

Sales for the second quarter fell to 58 trillion won, compared with the 60.8 trillion won average projection compiled by Bloomberg.

Protests in Poland against government judicial overhaul
Nobel Peace Prize victor Walesa said he would come to Warsaw from his hometown of Gdansk on Wednesday to defend the Supreme Court. Poland's government has pushed ahead with the new rules despite the European Union launching legal action on Monday .

While the chip business would post its seventh consecutive record quarterly profit, analysts say, lackluster smartphone earnings growth fueled concerns the mobile business is running out of ideas to underpin sales of its premium Galaxy devices.

It's also easy to imagine Samsung giving the Bluetooth-equipped stylus other features, like a Tile mate location option for tracking the pen in case you lose it or using the pen to find your phone.

The semiconductor business forms the largest portion of Samsung's profit. The guidance, released Wednesday ahead of full earnings later this month, didn't provide specific divisional results. "The smartphone market is not growing anymore but the competition is intensifying", said Lee Won-sik, an analyst at Shinyoung Securities.

The won may also help Samsung to bounce back in the second half.

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