Samsungs

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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