Samsung Electronics' has finalized its earnings for the second quarter,... and net profits are down from a year ago.<br />It was weak earning in its smartphone business that brought it down... even though Samsung posted record sales and operating profit in memory chips.<br />Kim Ji-yeon reports. <br /> Korean tech giant Samsung Electronics says its second-quarter net profit fell by nearly a tenth of one percent compared to the same period last year,... to around 9-point-9-billion U.S. dollars.<br /> Sales also dropped by more than four-percent to 52-point-2-billion dollars... slightly higher than the provisional estimate released earlier this month.<br />But it's the first time in five quarters that sales have fallen below the 60-trillion won level, around 53-point-6-billion dollars. <br /> The firm's operating profit, on the other hand, rose by nearly 6-percent on-year to nearly 13-point-3-billion U.S. dollars... the lion's share of that coming from its chip unit.<br />Meanwhile, sales from its display unit dropped by 26-and-a-half percent on-year in Q2 to record just above five-billion dollars... affected by a drop in demand for flexible OLED products and falling prices for liquid crystal display or L-C-D TV panels.<br /> The earnings results reflect Samsung Electronics' troubles in shoring up its mobile business even as the company enjoys resilient sales of memory chips.<br />Chinese rivals Huawei Technologies and Oppos are increasing their global market share with their products ranging from cheaper TV displays to smartphone screens.<br /> Despite this, Samsung Electronics paints a rosy forecast for its third quarter earnings, citing a strong market for chips and a supply expansion for its flexible OLED panels.<br />The company spent 14-point-8-billion dollars during the first half this year in facility investment for chips and displays.<br />Kim Ji-yeon, Arirang News. <br />
