The local currency's weakness to its major peers, except the greenback, negatively influenced a net 400 billion won (358 million US dollars) worth of operating profit compared with the prior quarter.
The mobile business booked a fall of 34% in its operating profit to just over $2.4 billion during its second quarter, the biggest decline since early a year ago when the Galaxy 7 was the flagship model. Revenue for the second quarter tallied 58.48 trillion won, down 4.1 percent on year and 3.4 percent on quarter.
The Semiconductor Business posted consolidated revenue of 21.99 trillion won and operating profit of 11.61 trillion won for the quarter. Revenue shot up 25 percent to 21.99 trillion won over the same period.
It conjures memories of the company's apology for the literally explosive Galaxy Note 7, which Lee may have been alluding to when he cited the financial impact of Samsung "having discontinued production of older low-end model [sic]". Samsung said it will increase the portion of 10-nanometer-class products and the mass production of 5th-generation V-NAND, while addressing demand for high-density server memory and high-bandwidth memory.
Samsung said it also chose to hand out dividends of 354 won per shares, with the combined amount of 2.4 trillion won.
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The mobile market condition will likely remain challenging in the second half amid pricing competition and new product launches. "But with a score of new releases reserved for launch and fiercer competition in function and price, the business environment continues to remain hard". The Korean manufacturer might have sold more smartphone units than Apple in this quarter, but it keeps a smaller profit margin compared to what its competitor pockets.
The industry data showed that weaker smartphone sales from Samsung's side did not slow down the profitability part of the company's businesses.
A "reasonable" price means different things to different people.
The move comes as the global market for premium smartphones hits a wall, with customers no longer as eager to shell out for expensive devices. "The development requires research not only in the display, but the battery, case and used materials".
The earnings are sharply down from the 11.69 trillion won net profit registered last quarter, when the company reported a 52 percent jump on year.