Samsung said: “For the second half of the year, under the influence of uncertain factors including possible long-term pandemics, market competition is expected to intensify as manufacturers strive to recover from the weakness of the first half. The company will continue to be at the high end In the product area, new models such as foldable and Note are launched, and differentiated products are introduced. ”
This basically confirms that the Galaxy Note 20 is under development, and at the same time can expect another Samsung foldable device, this device is more likely to be the Galaxy Fold 2, rather than the Galaxy Z Flip successor.
The coronavirus epidemic has brought a big blow to Samsung. The sluggish sales of mobile phones and TVs have caused total revenue to fall by 7.6% from the previous quarter.
Samsung ’s profits have still increased by 3% to about US $ 5.2 billion, but this is due to the performance of its chip division. As the coronavirus crisis continues, people have reduced their spending on non-essentials, Samsung expects the second quarter Profits in the mobile phone and TV sectors will “drop significantly”, but Samsung expects to rebound in the second half of this year.
Samsung said, “The company also plans to expand 5G to mass-market smartphones to improve product competitiveness and improve operational efficiency in various areas such as R & D, production, supply, channels, and marketing.”