Samsung quarterly revenue dips 4% amid slow smartphone sales
Samsung Electronics posted a revenue of $52.24 billion in the April-June quarter, a 4% dip compared to last year. This comes after the sales of Samsung's flagship phone Galaxy S9, which went on sale in March, were described as "slow" by the South Korean company. Further, China-based rival Xiaomi had surpassed Samsung in the Indian smartphone market for two quarters.