Samsung second-quarter profit halves, missing expectations
The South Korean technology giant posted a quarterly revenue of 74.6 trillion Korean won, up slightly from 74.07 trillion won a year earlier.
Here are Samsung's second-quarter results compared with LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate:
While Samsung's second-quarter operating profit beat its forecast of around 4.6 trillion won, it was a steep drop from the 10.44 trillion won recorded in the same period last year.
Samsung's second-quarter operating revenue also beat its forecast of 74 trillion won.
The company is a leading provider of memory chips, semiconductor foundry services and smartphones.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNET
7 hours ago
- CNET
We Love This Garmin Instinct 2 Solar Smartwatch and It's Now a Massive $136 Off at Walmart
It's back-to-school season and for many, this is a great time to reset and refocus on academic and personal goals. If you're into fitness and want to keep better track of your step count, then you know that Apple and Samsung dominate the smartwatch sector. Though these tech companies make great wearable pieces, Garmin is also behind some pretty neat smartwatches. Right now we've spotted the Garmin Instinct 2 Solar smartwatch for just $264 at Walmart, which saves you a massive $136. If you prefer Amazon, you an score the same watch for $264 with Amazon Prime. Though there's no set deadline for either of these deals, we suggest acting fast if you're interested. The Garmin Instinct 2 Solar smartwatch has a 45mm case and its watch band adjusts from 5.3 inches to up to 9.1 inches. The watch features multiple apps that track your step count, VO2 max and other sports activities so you can get an accurate picture of your progress. The Garmin Instinct 2 smartwatch includes a 3-axis compass and navigation programs, such as GPS, GLONASS and Galileo, which offer advanced readings that let you confidently trek in challenging environments. You can also sync this watch with a compatible smartphone and get notifications. Hey, did you know? CNET Deals texts are free, easy and save you money. The Garmin Instinct 2 is renowned for its solar charging capacity and long battery life of up to 54 hours. Keep in mind that you need a clear sky for at least 3 hours for a solar charge, but this is still a great watch for days-long hiking or outdoor adventures. Its power manager helps you track battery life, and your purchase includes a charging cable for when solar charging is unavailable. Looking for more wearable tech but not sure if this deal is for you? Check out our list of the best smartwatch so you can find one that works for you. Why this deal matters The Garmin Instinct 2 Solar smartwatch offers a battery life of 54 hours, solar charging capacity and loads of apps that will help you track your fitness statistics. It's a massive $136 off at Walmart for a limited time and makes a great alternative to Apple or Samsung smartwatches if you've been looking for one. Now is also a great time to save on this smartwatch and potentially avoid price hikes due to tariffs.
Yahoo
7 hours ago
- Yahoo
iPhone Fold could cost less than Galaxy Z Fold 7 — under $2,000
When you buy through links on our articles, Future and its syndication partners may earn a commission. Buying the rumored iPhone Fold may not set you back as much money as expected, according to new analysis from Swiss investment bank UBS and Jimmy Yoon (seen by Fortune). The core reason for this is the analysis' estimate of the foldable iPhone's bill of materials - the total price a company pays for the parts for its products. Because of Apple's ability to buy memory, chipsets and cameras for cheaper than rivals (likely thanks to the iPhone's prominence and Apple's capacity to bulk buy components), plus the now established supply chain for other parts, UBS estimates the iPhone Fold's bill of materials as $759. For comparison, the Galaxy Z Fold SE, the predecessor to the newly launched Samsung Galaxy Z Fold 7, cost Samsung $790 per unit. As a result, the UBS analysis predicts Apple will price the iPhone Fold between $1,800 and $2,000, when accounting for manufacturing and Apple's usual profit margin on its phones. That would be at worst the same price as, if not cheaper than, the Galaxy Z Fold 7, which now costs $2,000 in the U.S.. A much more appealing idea than the rumored $2,100 - 2,300 price we've heard before. Limited quantities but a big impact UBS' report also believes Apple will initially produce 10 - 15 million iPhone Folds, less than half of what just the Pro Max version of a given iPhone generation tends to sell. The report goes on to name various companies that will likely supply Apple and build the foldable iPhone, including Samsung Display, which will apparently build the 7-inch main display for the device. Finally, UBS makes a prediction that the launch of the iPhone Fold will increase adoption of foldable devices across the whole market. And that seems like a safe bet. iPhone users make up a huge chunk of the smartphone market, and as tempting as the best foldable phones might be, they all currently run on Android. That benefit may also extend to larger folding tablets and laptops according to UBS, although there are fewer of these devices on the market. While it's been six years since the first generation of foldable phones emerged, Apple's first foldable could cause a renaissance for the category. That big revival may still be some time coming though, as 2026 is the latest estimate for the launch date for the iPhone Fold. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button. More from Tom's Guide iPhone 17 Pro Max just leaked in a surprising new color — get ready for orange I just tested the Galaxy Z Fold 7's new selfie camera vs. the Fold 6's under-display camera — and the results are drastically different Galaxy Z Fold 7 vs. Honor Magic V5: Which foldable will win?
Yahoo
7 hours ago
- Yahoo
iPhone Fold tipped for September 2026 release by JPMorgan — with a $2,000 price tag
When you buy through links on our articles, Future and its syndication partners may earn a commission. Some big claims about the iPhone Fold's launch and pricing have been made not by a regular leaker, but by JPMorgan analyst Samik Chatterjee (via CNBC). Chatterjee agrees with other tipsters that the iPhone Fold is likely to launch in September 2026, as part of the iPhone 18 series launch, and with a price tag of $1,999. This matches previous claims we've heard from other tipsters, but also differs from some too. We have also heard price estimates of over $2,000, and others hoping for a lower price due to a cheaper total parts cost. In the report, Chatterjee gives the iPhone Fold's display sizes as 7.8 inches inside, and 5.5 inches outside, as previous rumors have claimed. He also talks about the inner screen having no crease, something we've yet to see on a foldable phone, but something that Apple (and Samsung too) will apparently debut next year. Apple takes its time The best foldable phones have been refining their formula for the better part of a decade at this point. So it's impressive in a way that Apple's been willing to hold out so long before launching its own. While the leaks so far suggest that, beyond perhaps having a surprisingly large battery, the iPhone Fold won't be that revolutionary compared to the competition. But simply being an iPhone may be enough to convince users to buy it. We've still got over a year until iPhone Fold's rumored release date, and the iPhone 17 series to meet in the meantime too. Things could still change for the iPhone Fold, and there are plenty of other specs and features we've yet to hear rumored. But there's no doubt this is going to be a phone launch a lot of people are going to pay attention to, even if it does end up costing a cool two grand. Follow Tom's Guide on Google News to get our up-to-date news, how-tos, and reviews in your feeds. Make sure to click the Follow button. More from Tom's Guide iOS 26's new Liquid Glass icons are here — how to enable them on your iPhone How to speed up your iPhone by clearing its cache iOS 26 guide: All the new features for your iPhone and how to use them
