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The mobile market condition will likely remain challenging in the second half amid pricing competition and new product launches, said Samsung.

Despite some bumps in the road, the company's outlook remains sunny for the second half of 2018.

Samsung is planning on canceling the production on Samsung Note further on.

Overall, the company reported $13.3 billion in profit, up 6 percent from the same time previous year, on $52.1 billion in revenue.

Samsung Electronics plans to showcase the Galaxy Note 9 smartphone on august 9 and start full-fledged sales later in the month. Coming to the figures, the Korean tech giant posted an operating-profit-to-sales ratio of 25.4% in the second quarter by generating sales of $52.1 billion and $13.11 billion in operating profit.

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Demand for Samsung's flexible OLED panels also dropped, while LCD shipments fell in price and quantity.

Some analysts predict the company's operating profit for the next quarter may reach 17 trillion won on the back of continuing demand for semiconductors throughout the year. A big feature for these types of devices is battery size and Samsung has been able to fit in a 7,300mAh capacity battery inside the 2018 Galaxy Tab A 10.5.

In the near-term, Samsung said competition would intensify in the second half as new smartphone models were released, prompting it to introduce a new Galaxy Note earlier than usual.

Data released by market tracker Counterpoint Research in July showed Samsung's latest Galaxy 9 Plus premium handset had been overtaken by Apple's iPhone 8 as the world's top-selling smartphone.

A "reasonable" price means different things to different people. Until mow there were rumours that Samsung could use this display in its Galaxy X phone but now when the company is planning to bring in high-end features to its Galaxy A series phones, it wouldn't be wrong to expect the unbreakable OLED panels in Galaxy A series phones too.

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A few days ago, we learned that Huawei is looking to beat Samsung to market with a foldable phone of its own, just so that it can claim the "world's first" title. The company said it plans to showcase various QLED models to meet with the high seasonal demand expected for later this year.

Following major restructuring of its product line-up, Samsung led expansion of the premium TV market, gaining more than 50 percent market share in the ultra-large screen segment of 75 inches and above, the company said.

After various leaks, Samsung today officially announced the Galaxy Tab S4 Android device to take on iPad Pro, Surface Go and others.

Samsung said it also made a decision to hand out dividends of 354 won per shares, with the combined amount of 2.4 trillion won.

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