Samsung foldable phone with massive curved battery rumoured

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After posting seven straight quarters of earnings growth, Samsung Electronics Co. Ltd.

The world's biggest maker of memory chips, smartphones and TVs said April-June operating profit would grow 5.2 percent to 14.8 trillion Korean won ($13.2 billion), just missing an average estimate of 14.9 trillion won from 18 analysts polled by Thomson Reuters.

In January, reports claimed that Samsung was looking to set the Galaxy X launch this December or early 2019.

Revenue likely came in at 58 trillion won ($51 billion), a decrease of almost 5 percent from a year earlier.

The company's revenue was hit by slowing sales of its premium smartphones and reduced demand for its display panels.

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The semiconductor business forms the largest portion of Samsung's profit.

Korean business news site The Bell has it from multiple unnamed sources that Samsung is developing samples for three Galaxy S10 devices referred to internally as Beyond 0, Beyond 1, and Beyond 2, which are codenames we've seen several times before.

The won may also help Samsung to bounce back in the second half. The phones will offer a bunch of novel new features that have never been seen on a Samsung smartphone before, and now we have some new details about all three upcoming Galaxy S10 models. "While chips and phones cancel each other out in profit, the weakening won may work in Samsung's favor in the second half".

Every major mobile phone maker is expected to come up with a foldable device in 2019, and latest rumors point out that Microsoft is nearly ready to unveil its model.

Samsung, which has reported record profits for every quarter in the past 12 months, on Friday released its earnings guidance for the second quarter of 2018.

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