Samsung Galaxy X Foldable Smartphone To Be Unveiled Before Galaxy S10

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As The Verge reports, it is believed that this is in part, due to do with sales of the Galaxy S9 waning, after booming in popularity with last year's Galaxy S8.

A new report by Counterpoint covering smartphone sales statistics for May has Apple as the victor with 3 entries this month as opposed to 5 models last month. On the other hand, its consolidated operating profit was at 14.8 trillion or US$13.2 billion.

Samsung's operating profit estimate for the second quarter was also lower than the 15.6 trillion won or US$14 billion profit it generated during the January-March period.

Sales are estimated at 58 trillion won, down 4.9 percent from 61 trillion won a year earlier.

Of course we have the next Samsung flagship, the Note 9, being announced in NY next week so at the moment all eyes should be on that - the next models after the Note 9 are still a long way away so it is a lot of pure speculation at this point. But as early as now, analysts are viewing its second quarter performance as the first decrease in seven quarters.

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The new phone is expected to have a 6.38-inch display, slightly bigger than the current model's 6.32-inches. The device will employ foldable display panels, which is expected to go into mass production this summer.

Back in April, Counterpoint's data placed both versions of the Galaxy S9 in the top two positions, followed by the iPhone X, 8 Plus, and 8.

Flexible smartphones have been in works but we are yet to see a commercially available foldable smartphone in the market. We've heard that Samsung plans to switch from Tizen to Wear OS for its next smartwatch.

Samsung hopes its foldable phone would improve its profit.