Samsung Galaxy S9 Sales Down to Lowest Level

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Sales of the Samsung Galaxy S9 aren’t reaching the levels that the South Korean manufacturer expected before launch, and they are now projected to decline even more in the coming months to a record low.

A report from Korean newspaper Chosunilbo indicates that the slow performance of the Galaxy S9 is expected to impact Samsung’s overall profit in the second quarter of the year.

Specifically, analysts estimate a 6 percent profit decline to $13.64 billion, while sales are likely to drop 5 percent to $53.4 billion.

Lee Seung-woo at Eugene Investment and Securities told the cited source that the drop wouldn’t stop here, and the Galaxy S9 sales are expected to drop to a level of just 30 million units for the year, the lowest since the Galaxy S3. Without a doubt, this can’t be good news for Samsung, especially as the company launched the Galaxy S9 earlier than usual in order to address slow sales of the previous models.