Samsung ended Friday’s
trade down 0.75% in the Korea Exchange. The stock has gained 18% since the
beginning of this year.
Meanwhile, the company said its estimates include a one-time gain related to the display business. Here, the company is most likely referring to the compensation of 800 billion won ($684 million) paid by Apple for not meeting the minimum order requirement for OLED screens. Without this cost, the Q2 results would be worse.
READ: Chinese smartphone makers shine in Europe; Apple, Samsung lose ground
A proper insight
into the company’s performance will be available once it publishes its full
quarterly earning later this month.
Samsung is set to launch its latest premium handset, Galaxy Note 10, in August first week. The Korean company will be hoping to wipe off some of the weakness with the arrival of the new phone. The launch of the first bendable smartphone, Galaxy Fold, is also in the pipeline.