Tuesday March 26, 2019
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Samsung Net Profit Rises 52% in Q1

This is the fourth consecutive quarter in which the South Korean giant has achieved record operating profit.

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On-device AI is growing fast among smartphone vendors and by 2023, around 90 per cent of smartphones will have a built-in AI assistant, according to the Strategy Analytics report. Pixabay

South Korean tech giant Samsung Electronics achieved a net profit of $10.74 billion in the first quarter of 2018, up 52.11 per cent year-on-year, the company announced on Thursday.

The company attributes these results to the good performance of its memory chip unit as well as the increase in sales of its flagship mobile, the Galaxy S9.

Its net profit for the January-March period was 4.64 per cent lower though than that of the last quarter of 2017, Efe news reported.

Also Read: Samsung brings ‘invisible’ QLED TVs with Bixby voice control

Its operating profit grew by 58.03 per cent and set a new record for the first-quarter of the year, while its turnover increased by 19.82 per cent.

This is the fourth consecutive quarter in which the South Korean giant has achieved record operating profit.  IANS

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Samsung to Launch its First 5G Smartphone in Market in April

South Korea's three mobile carriers have been preparing to roll out their commercial 5G service for Samsung's smartphone built for the high-speed network

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Arvin Baalu, vice president of product management at Harman International, talks about the Samsung Digital Cockpit during a Samsung news conference at the 2019 CES in Las Vegas, Jan. 7, 2019. VOA

Samsung on Thursday said it will release its first 5G smartphone in the first week of April in South Korea, making it the world’s first mobile device with the next-generation network capability.

The South Korean tech giant said Galaxy S10’s 5G model will go on sale on April 5, without a pre-order programme, Yonhap news agency reported.

Though Samsung did not disclose the price, it is expected to cost around 1.5 million won ($1,332) in the domestic market, according to industry sources.

Samsung, Apple
Samsung’s retail presence in the US was marked only by pop-up stores and dedicated spaces in franchisees like Best Buy. Pixabay

On Monday, the state-run National Radio Research Agency said Galaxy S10’s 5G model has passed signal verification test, giving the green light for its launch in the South Korean market.

South Korea’s three mobile carriers have been preparing to roll out their commercial 5G service for Samsung’s smartphone built for the high-speed network.

Also Read- NASA Partnering with 10 Start-ups to Develop New Technologies For Space

Samsung’s schedule is about a week earlier than the US carrier Verizon’s plan to launch its first 5G smartphone service on Motorola’s MotoZ3, essentially a 4G phone with a special attachment that gives it 5G capability, in Chicago and Minneapolis on April 11. (IANS)