profits

Samsung profits fall in warning sign for global demand

Samsung profits fall in warning sign for global demand

Samsung Electronics Co reported a 32% drop in quarterly operating profits, worse than expected, as an economic slowdown reduced demand for electronic devices and the memory chips that go with them. Estimated profit fell to 10.8 trillion won ($7.67 billion) in July-September – the first year-on-year decline in nearly three years – from 15.8 trillion …

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Samsung's profits plummet due to rapidly declining chip demand

Samsung’s profits plummet due to rapidly declining chip demand

Samsung estimates Q3 profit at 10.8 trillion won, down 32% year on year Memory chip market conditions deteriorated rapidly High-end phones demand a more resilient analyst SEOUL, Oct 7 (Reuters) – Samsung Electronics Co Ltd (005930.KS) reported a worse-than-expected 32% drop in quarterly operating profit on Friday as an economic slowdown reduced demand for electronics …

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