Samsung Galaxy S10 5G gets a USA release date, price still unknown

Galaxy S10e Camera

Galaxy S10e Camera

The Korean giant is banking on electronics sales to offset falling chip prices, and decreased OLED screen demand (e.g. within Apple iPhones).

Prices for NAND memory - used in smartphones and other devices - fell 20 per cent in the first quarter, according to market tracker DRAMeXchange, which pointed the finger at consumers taking longer to replace their smartphones, and lower-than-expected sales for Apple's new devices.

Operating profit of the consumer electronics unit, which makes refrigerators and washing machines, was estimated at 500 billion won (440 million US dollars) to 600 billion won (530 million USA dollars) in the first quarter.

Samsung is releasing the S10 5G in South Korea first on Friday, but it still doesn't have an official USA launch date.

Compared with the previous quarter, Samsung Electronics' first-quarter performance guidance also showed a significant decline.

The downturn in the global memory semiconductor market is the main cause, which was further exacerbated by declining prices of display panels.

But analysts say for this year the company will have to endure a down-cycle.

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As one of the only companies with an end-to-end 5G solution from chipsets, network core, radio solutions and user devices, Samsung is uniquely positioned to deliver a next-generation smartphone and network - in Korea, the 5G commercial network has been on air since December 1, 2018 by all mobile operators using Samsung's 5G network core and radio solutions, a company statement said.

Analysts predict the Galaxy S10 phone could reach 38 million shipments in this year alone. Despite the fact that demand continues to fall from year to year.

Samsung's display panel unit was estimated to have posted an operating loss between 400 billion won (352 million US dollars) and 700 billion won (616 million USA dollars) in the March quarter.

"We do expect server DRAM demand to pick up as well as the S10 sales and foldable-phone sales to be better than expected going into the second half", Daniel Yoo, global strategist at Kiwoom Securities, told Bloomberg TV. This includes 5G service coverage throughout various major national highways and high-speed railways. 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.

Reliable leaker Evan Blass posted on Twitter the actual date for Verizon's Galaxy S10 5G launch.

Samsung is also set to release the world's first bendable smartphone, the Galaxy Fold.

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