Analysts: Galaxy shipments drop 16% in Q2, but chip business brings in increasing profits

Samsung Electronics is expected to publish its Q2 financial report later this week, but analysts are forecasting a 15.6% increase in operating profit compared to the same period last year, reports Yonhap News.

This is despite declining sales of consumer electronics. Smartphone shipments are down to an estimated 61 million units in the April-June period, a 16% drop compared to the previous quarter. This will bring in KRW 2.6 trillion in operating profit ($2 billion), KRW 600 billion less than last year.

Samsung’s display panel business is also seeing weaker demand with a predicted…