Samsung Elec says Q1 profit likely fell 60 pct y/y

Florence Fletcher
April 6, 2019

Samsung's first 5G phone will launch in Korea on Friday, with prices starting at around $1,231 for the 256GB version, but you won't have to wait too long to get one in the United States, as the Verizon version is rumored to launch in mid-May. It isn't known yet what design Samsung will use as it has both used a horizontal arrangement with the Galaxy S10 5G as well as a vertical design with the Galaxy A9 (2018). But Verizon is making news in 5G by providing the first 5G mobile phone service in parts of Minneapolis and Chicago since Wednesday with a modified Motorola phone.

Rival manufacturer LG is due to launch its V50 ThinQ, another 5G phone, in the South later this month, while in the U.S., Verizon's network works with Lenovo's Moto Z3 smartphone fitted with a special accessory. The first subscribers to SK Telecom's 5G service were a user named Park Jae-won, picked for being the most loyal customer, figure skating ace Kim Yu-na, para swimmer Yun Sung-hyuk and Baek-hyun and Kai of boy band EXO.

5G will change the landscape of the gaming industry as it allows games streamed with minimal delay to be played on smartphones, SK Telecom's Ryu said.

Billions spent on campaigns and marketing for 5G as SK Telecom showed off K-pop stars and an Olympic gold medalist as its first 5G customers.
"I hope faster speeds will help me manage my time better". 5G Galaxy S10 is currently available only in South Korea, at least for now.

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The South Korean technology giant estimated an operating profit of 6.2 trillion won ($5.4 billion) for the January-March quarter, which would represent a 60.4% drop from the same period previous year.

Smaller rival KT Corp is set to offer cheaper plans than its LTE service, with unlimited data and four-year instalments to buy 5G devices.

"Title of being "world's first 5G" may bring a promotional effect for one company [like] Verizon, but for South Korea it's a publicity for the entire country", Kim Yeon-Hak, an internet technology expert who is teaching at Sogang University, told ABC News.

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