The Samsung Galaxy S10 5G launches tomorrow

South Korea Plans to Bring 5G services Before China and the USA

Samsung Elec Q1 OP dips 43% on qtr, 60% on yr to return to pre-boom 2016

Samsung's operating income fell 60% 6.2 trillion won ($5.5 billion) in the quarter ending in March, which was worse than the 56 percent drop analysts expected.

Samsung says a number of reasons contributed to its reduced profit, including decreased demand for memory chips for data centers from Amazon and fewer orders for storage chips for iPhones from Apple.

In a media release the company shared on April 5th, Samsung estimated consolidated sales of approximately 52 trillion Korean Won (KRW), or about $61.2 billion CAD. This was the company's biggest decline since the third quarter of 2014.

Samsung last week predicted that its first-quarter earnings would fall below market expectations because of a larger-than-expected decline in chip prices and weak demand for display panels. He also expects that 5G will change the gaming industry as it helps to stream games with minimal delay to be played on smartphones. As of 9:38 a.m. Friday, shares of Samsung Electronics are trading 0.2 percent lower at 46,850 won apiece.

They switched on the 5G network for a select group of customers Wednesday, making South Korea the world's first nation to roll out the commercial 5G service.

South Korea Plans to Bring 5G services Before China and the USA
5G Gets Real as Samsung, Verizon Gear Up for New Phone Launch

Rival manufacturer LG is due to launch its V50 ThinQ, another 5G phone, in the South later this month, while in the US, Verizon's network works with Lenovo's Moto Z3 smartphone fitted with a special accessory.

The company is to release its full earnings report in a couple of weeks, on April 30.

The nation's three mobile carriers - SK Telecom Co., KT Corp. and LG Uplus Corp. - started official registration of Samsung's smartphone. Starting with the ill-fated Galaxy Note 7, however, it started launching the phablet on its own.

It took another hit after the bribery conviction of Lee Jae-yong - the son and heir of the group's ailing current chairman Lee Kun-hee. Its semiconductor business is the main profit driver.

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