Samsung's Device Solutions division, which oversees its cash cow chip business, made losses of 4.36 trillion won, marking the division's second consecutive quarter of losses.
The global smartphone market declined by 11 per cent (year-on-year) in Q2 as gloomy demand started to impact market leaders like Samsung and Apple which had to reduce their sell-in the same quarter, according to Canalys.
As an introductory offer, Galaxy M34 5G will be available at an all-inclusive price of Rs 16,999 for the 6GB+128GB variant and Rs 18,999 for the 8GB+128GB variant with select bank cards.
"A new cultural driver is coming. Come along on our journey to discover an all-new Galaxy as we showcase our latest technologies designed to open possibilities and transform lives," the company said in a statement.
Touted as one of the South Korean company's biggest mid-segment offering ahead of the festive season, Galaxy M34 5G will come with an array of premium features targeting the young consumers
Customers may receive up to 20% cashback on a limited number of bank credit cards and can also take advantage of convenient EMIs beginning at Rs 2,990. A 2-year guarantee is included with every OLED smart TV model.