Samsung's profits drop by over 50 percent

Such results are also a consequence of a broader crisis in the industry, caused mainly by the US-Chinese trade war.

The operational profit of the southeastern company for three months until June reached $5.6 billion, or 56 percent less than the same period last year.

The company is facing challenges that come not only from uncertainty in certain business segments but also from changes in the global macroeconomic environment”, the statement says.

Samsung is also facing possible disruptions in the chip business due to a trade dispute between Seoul and Tokyo.

In particular, Japan has recently imposed export restrictions on some industrial materials Seoul is required to produce semidisplosures and screens.

Samsung also announced that it will focus on the extraction of new products in the third quarter, including its first smart folded phones, Kosovo Prees broadcasts.