AI frenzy expected to have boosted Samsung second-quarter profit 13-fold
6 months, 1 week ago

AI frenzy expected to have boosted Samsung second-quarter profit 13-fold

The Hindu  

Samsung Electronics is expected to post a 13-fold increase in second-quarter profit from a year earlier as demand for artificial intelligence technology fuels a rebound in memory chip prices. Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely rose to 8.8 trillion won in the quarter ended June 30, according to the average of an LSEG SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate. Performance at the tech giant's key semiconductor division likely continued to improve its second consecutive quarterly profit, as memory chip prices keep rising from a mid-2022 to end-2023 trough that was caused by weak post-pandemic demand for gadgets that use the chips. Its mobile business likely saw its Q2 operating profit shrink versus last year despite shipping a similar number of smartphones, analysts said, due to steeper parts' costs and higher marketing and development costs for AI services.

Samsung Profit Quarter Ai Last Year Chip Chips Memory Chip Prices  quarter  secondquarter  profit  13fold  trillion  operating  ai  chip  chips  memory  analysts  used  won  expected  frenzy  samsung  boosted

History of this topic

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss
3 days, 6 hours ago

Samsung’s Shares Climb After Nvidia Talk Offsets Profit Miss

Live Mint  

-- Samsung Electronics Co.’s shares rose after Nvidia Corp. founder Jensen Huang expressed confidence in the Korean company’s ability to resolve technical issues dogging its highest-end memory, offsetting disappointing quarterly results. Samsung has struggled to get its latest products certified by Nvidia, allowing SK Hynix in particular to carve out a larger slice of the market for the high-bandwidth memory …

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay
Trending News
4 days, 7 hours ago

Samsung Q4 earnings expected to be hit by Nvidia AI chip supply delay

Live Mint  

By Hyunjoo Jin SEOUL - Samsung Electronics, the world's top memory chip maker, is expected to forecast on Wednesday its profit growth continued to slow in the fourth quarter as it struggled to keep up with Nvidia's strong demand for AI chips. In contrast, Samsung's cross-town rival, SK Hynix, a major supplier of advanced AI memory chips to Nvidia, is …

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
3 weeks, 3 days ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

Samsung posts a 15-fold increase in operating profits in last quarter
5 months, 1 week ago

Samsung posts a 15-fold increase in operating profits in last quarter

Associated Press  

SEOUL, South Korea — Samsung Electronics Co. reported a 15-fold increase in operating profit for the second quarter this year, largely thanks to a strong demand for memory chips amid the expansion of artificial intelligence technologies. The company said favorable market conditions drove higher average sales prices, while robust sales of organic light-emitting diode panels also contributed to the stronger …

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report
5 months, 3 weeks ago

Global smartphone market sees 6.5 per cent growth in Q2, Samsung and Apple lead: IDC Report

India TV News  

Global smartphone shipments have reportedly increased by 6.5 per cent in the second quarter of 2025, which will be driven by Samsung Electronics and Apple. Global smartphone shipment in the second quarter As per the Reuter report, it is marked as the fourth consecutive quarter of growth in global shipments, in which smartphone manufacturers are leveraging artificial intelligence to attract …

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot
5 months, 3 weeks ago

Global Smartphone Market Sees Biggest Growth In 3 Years; Samsung Retains Top Spot

ABP News  

The global smartphone market saw a significant upturn in the second quarter of 2024, with sales increasing by six per cent compared to the same period last year. Samsung Leads Market Share, Followed By Apple Several regions played a key role in driving this growth, particularly Europe and Latin America, where smartphone sales surged by over 10 per cent. Apple …

Samsung expects profits to jump nearly 15-fold thanks to AI boom
6 months ago

Samsung expects profits to jump nearly 15-fold thanks to AI boom

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Samsung expects its profits for …

Samsung’s profit surges after AI boom reverses chip losses
8 months, 1 week ago

Samsung’s profit surges after AI boom reverses chip losses

Hindustan Times  

Samsung Electronics Co. topped analyst earnings estimates after its semiconductor division returned to profitability, as companies like Microsoft Corp. and Alphabet Inc. led a surge in spending on artificial intelligence services. Samsung Electronics reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory …

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets
8 months, 1 week ago

Samsung reports a 10-fold increase in profit as AI drives rebound in memory chip markets

Associated Press  

SEOUL, South Korea — Samsung Electronics on Tuesday reported a 10-fold increase in operating profit for the last quarter as the expansion of artificial intelligence technologies drives a rebound in the markets for computer memory chips. Revenue rose by nearly 13% to 71.9 trillion won, driven by higher prices for memory chips and robust sales of its flagship Galaxy S24 …

Samsung overtakes Apple as top smartphone maker in Q1 2024
8 months, 3 weeks ago

Samsung overtakes Apple as top smartphone maker in Q1 2024

The Hindu  

April 15, 2024 10:06 am | Updated 10:08 am IST Apple’s smartphone shipments took a hit by about 10% in the first quarter of 2024, according to a report published by Reuters on Monday, citing data from IDC. During the January- March period, Samsung reportedly captured 20.8% of the market share, clinching the top smartphonemaker position from Apple. In the …

Samsung witnesses new opportunity in AI: Know-how
9 months, 3 weeks ago

Samsung witnesses new opportunity in AI: Know-how

India TV News  

Samsung Electronics, the largest memory chip maker in the world has stated that the macroeconomic uncertainties are expected to grow higher by this year itself. In an annual meeting of shareholders Han Jong-hee, Vice Chairman and CEO of Samsung Electronics said, "Although uncertainties in the macroeconomic environment are expected to be high this year, new opportunities will also be increased …

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand
9 months, 3 weeks ago

iPhone manufacturer Foxconn beats Street estimates in Q4; Net profit climbs 33% YoY on strong AI demand

Live Mint  

iPhone manufacturer Foxconn announced its fourth quarter results on Thursday, March 14, reporting a 33 per cent year-on-year rise in net profit, driven by a strong demand for artificial intelligence servers and high sales the year-end peak season. The world’s largest contract electronics maker's Q4 net profit is the strongest YoY growth logged for a quarter since March 2021, according …

Samsung sees tech devices demand recovering in 2024 after record chip loss
11 months, 1 week ago

Samsung sees tech devices demand recovering in 2024 after record chip loss

The Hindu  

Samsung Electronics flagged a continued recovery in memory chips and tech demand in 2024, after reporting a 34% drop in fourth-quarter profit despite a memory price rebound as consumer demand remained weak in many businesses. However, fourth-quarter losses shrank to 2.18 trillion won in the fourth quarter, lower than every other quarterly loss in 2023 in the business that has …

Samsung says chips to recover in 2024 after best quarterly profit this year
1 year, 2 months ago

Samsung says chips to recover in 2024 after best quarterly profit this year

The Hindu  

Samsung Electronics on Tuesday flagged gradual demand recovery in 2024 after reporting its highest quarterly profit so far this year, as the battered memory chip market began showing signs of rebound from a severe downturn. The proliferation of on-device artificial intelligence functions will increase appetite for DRAM chips in premium products in 2024, the world's biggest memory chip and smartphone …

Samsung's chip losses expected to decrease in Q3 due to production cuts
1 year, 3 months ago

Samsung's chip losses expected to decrease in Q3 due to production cuts

India TV News  

Samsung Electronics is anticipated to narrow its chip deficit in the third quarter due to continued cuts in chip production. Samsung began cutting chip production earlier this year, following the lead of peers like SK hynix Inc. and Micron Technology Inc., which started reducing production late last year to address the oversupply issue. However, analysts believe that Samsung's production cuts …

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report
1 year, 4 months ago

Apple's upcoming iPhone 15 series could overtake Samsung in global smartphone market: Report

India TV News  

A recent report by market intelligence company TrendForce suggests that Apple's upcoming iPhone 15 series has the potential to challenge Samsung's long-standing position as the global market leader in smartphones. The global smartphone production industry has faced consecutive quarterly declines, with the second quarter of 2023 witnessing a 6.6 per cent drop, resulting in a total production of approximately 272 …

Samsung to cut chip output to ride out downturn: Report
1 year, 9 months ago

Samsung to cut chip output to ride out downturn: Report

Hindustan Times  

Samsung Electronics Co Ltd said on Friday it would make a "meaningful" cut to chip production, following the lead of smaller rivals, as it grapples with a sharp global downturn in semiconductor demand that has sent prices plummeting. Samsung jumped 4.5% in early trading in the biggest one-day rise since September, while rival SK Hynix Inc's shares surged 5.6% The …

Samsung logs sharp drop in profits- Reaffirms no production cut
2 years, 2 months ago

Samsung logs sharp drop in profits- Reaffirms no production cut

India TV News  

Samsung Electronics posted a sharp drop in profits for the third quarter of 2022, as its main semiconductor business faced major headwinds from weakening memory chip prices and demand. The world's largest memory chip and mobile phone maker said in a regulatory filing its third-quarter net profit declined 23.6 per cent from a year earlier to 9.38 trillion won, reports …

Samsung's earnings slump on rapid drop-off in chip demand
2 years, 3 months ago

Samsung's earnings slump on rapid drop-off in chip demand

The Hindu  

Samsung Electronics Co Ltd. flagged a worse-than-expected 32% drop in quarterly operating earnings on Friday, as an economic downturn slashed demand for electronic devices and the memory chips that go in them. Samsung's memory chip shipments likely came in below already downgraded expectations and prices could fall further this quarter, analysts said, as customers react to rising inflation, higher interest …

TSMC sees resilient chip sales boosting Q3; electronics demand cooling
2 years, 5 months ago

TSMC sees resilient chip sales boosting Q3; electronics demand cooling

The Hindu  

Taiwan's TSMC forecast revenue growth that could be the highest in 10 quarters, saying it was "highly confident" about its long-term prospects and touted demand for high-tech chips used in 5G networks and artificial intelligence. In the second quarter ended June 30, TSMC's revenue rose 36.6%, and net profit surged 76.4% - the biggest jump in eight quarters and handily …

Chips drive highest Samsung Q2 profit since 2018, but demand cooling
2 years, 6 months ago

Chips drive highest Samsung Q2 profit since 2018, but demand cooling

The Hindu  

South Korea's Samsung Electronics Co Ltd turned in its best April-June profit since 2018 on Thursday, underpinned by strong sales of memory chips to server customers even as demand from inflation-hit smartphone makers cools. Smartphone demand weakens Rising inflation, concerns about a downturn in major markets, the war in Ukraine and China's COVID-19 lockdowns have resulted in slowing smartphone sales, …

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report
2 years, 7 months ago

Samsung Regains Top Spot In Smartphone Market As It Touches Five Year High: Report

News 18  

Samsung has reached its highest global smartphone market share in the last five years. This comes after Samsung regained the top spot as the best-selling smartphone brand in Q1 2022 with a market share of about 24 percent. While Samsung’s market share has reached 24 percent, Apple took a 15 percent share, and Xiaomi, the second-biggest Android took a 12 …

Samsung to invest $356 bln over five years in strategic sectors
2 years, 7 months ago

Samsung to invest $356 bln over five years in strategic sectors

The Hindu  

Samsung Group will invest 450 trillion won in the next five years to accelerate growth in semiconductors, biopharmaceutical and other next-generation technologies, Samsung Electronics said. South Korea's top conglomerate said on Tuesday the investments through 2026 are expected to help Samsung drive long-term growth in strategic areas such as the chip sector, while pledging aggressive investments in the biopharmaceutical sector …

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales
2 years, 8 months ago

Samsung Sees Profits Jump 50 Per Cent Thanks To Strong Chipset And Mobile Sales

News 18  

Samsung Electronics on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 per cent to $11.1 billion in a regulatory filing, reports Yonhap News Agency. The company said its memory business logged 26.87 trillion …

Samsung Elec sees component shortages persisting in H2, solid server chip demand
2 years, 8 months ago

Samsung Elec sees component shortages persisting in H2, solid server chip demand

The Hindu  

Samsung Electronics Co Ltd reported a 51% rise in quarterly profit on Thursday, buoyed by robust data centre demand for high-margin memory chips, but cautioned that component shortages will likely continue in the second half. The world's top memory chip and smartphone maker said demand for server chips is expected to be relatively solid in the second half, but the …

Samsung’s fourth-quarter revenue is best ever
2 years, 11 months ago

Samsung’s fourth-quarter revenue is best ever

Live Mint  

SEOUL : Samsung Electronics Co. capped off a year where it surpassed Intel Corp. to become the world’s No. Samsung, the world’s largest maker of smartphones and televisions, is considered a tech-industry bellwether, as a major electronics manufacturer and components supplier to companies such as Apple Inc. and Sony Group Corp. For the full year, Samsung’s net profit rose 51% …

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint
3 years, 4 months ago

Global smartphone sales up 10.8% in Q2 despite chip shortage, supply constraint

Live Mint  

NEW DELHI: Smartphone sales to end users worldwide grew 10.8% year-on-year in the second quarter of 2021, despite component shortages and supply constraints. According to a report by market research firm Gartner, sales to end users totaled 328.8 million in the second quarter. The firm noted that while the second wave of covid-19 infections affected sales in markets like India …

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales
3 years, 9 months ago

Samsung First-Quarter Profit Likely Surged 45% on Bumper Smartphone, Appliance Sales

News 18  

Samsung Electronics Co Ltd likely saw a 45 percent jump in profit for January-March on robust sales of smartphones, TVs and home appliances, though chip division earnings are seen tumbling after a storm suspended production at its US plant. Operating profit for the South Korean tech giant in the quarter is expected to have climbed to 9.3 trillion won, according …

Samsung dominates 2020 foldable smartphone market: Report
3 years, 10 months ago

Samsung dominates 2020 foldable smartphone market: Report

India TV News  

Samsung Electronics, the world's largest smartphone vendor, was the dominant player in the global foldable smartphone market last year, a report showed Tuesday, with its leading status expected to continue through 2021. For the whole of 2020, Samsung logged an 87 per cent share on a unit basis in the global foldable smartphone market that was estimated at 2.2 million …

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report
3 years, 10 months ago

Apple Surpassed Samsung to Emerge As Top Smartphone Vendor in Q4 2020: Gartner Report

News 18  

Apple, for the first time beat Samsung in four years to emerge as the top smartphone vendor in the final quarter of 2020, according to a recent Gartner report. This comes even after Samsung remained the top smartphone brand as of the whole of 2020, its sales fell by 14.6 percent in Q4 2020. Smartphone sales in the fourth quarter …

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery
4 years, 3 months ago

Samsung Q3 profit likely at two-year high after Huawei orders, phone recovery

Live Mint  

Samsung Electronics Co Ltd said its third-quarter profit likely jumped 58% to the highest in two years, beating analysts' estimates as U.S. restrictions on China's Huawei boosted the South Korean tech giant's phone and chip sales. MOBILE PROFIT BOOST Samsung was expected to post its biggest smartphone profit in at least four years, analysts said, as it gained market share …

Samsung profit beats estimates after US sanctions hit Huawei
4 years, 3 months ago

Samsung profit beats estimates after US sanctions hit Huawei

Live Mint  

Samsung Electronics Co. reported earnings that beat analyst estimates after the South Korean tech giant’s mobile and chip businesses benefited from U.S. restrictions on Huawei Technologies Co. Huawei overtook Samsung to become the world’s largest smartphone maker in the second quarter, but the Korean giant is projected to regain the crown after its Chinese rival lost access to the most …

Samsung expects smartphone demand to drive second half earnings
4 years, 5 months ago

Samsung expects smartphone demand to drive second half earnings

Live Mint  

Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. Samsung, the world's top maker of memory chips, tempered its relatively upbeat forecast when announcing second quarter results on Thursday with a warning that the …

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness
4 years, 6 months ago

Samsung’s second-quarter chip sales unlikely made up for smartphone weakness

Live Mint  

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. Work-from-home orders and growth in online learning is underpinning chip demand amid the COVID-19 pandemic, prompting U.S. DRAM supplier Micron Technology Inc …

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak
4 years, 9 months ago

Samsung chip sale boosted but Q1 profits may remain flat due to Coronavirus outbreak

Firstpost  

Samsung is likely to estimate its operating profit at 6.2 trillion won, unchanged from the same period a year ago. The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales. …

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus
4 years, 11 months ago

Samsung expects increase in 5G chips demand in 2020 but fears US-China trade war and coronavirus

Firstpost  

Samsung supplier SDI said it expects current-quarter earnings to be adversely affected by the virus outbreak. But in a guarded outlook, the world’s biggest memory chip and smartphone maker said on Thursday it couldn’t rule out the possibility that demand growth may be curbed amid lingering tensions on US-China trade and looming fears of the economic impact of the new …

Samsung Electronics says Q4 net profit slumps 38%
4 years, 11 months ago

Samsung Electronics says Q4 net profit slumps 38%

Live Mint  

Seoul: The world's biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices. "Fourth-quarter profit dropped from a year earlier due to the continued fall in memory chip prices and weakness in display panels," Samsung said in a statement. Samsung said it expects "weak sales from …

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue
5 years, 2 months ago

Qualcomm shares spike by 5 percent, beats Wall Street estimates for Q4 revenue

Firstpost  

Qualcomm’s revenue in the Q4 fell about 17 percent to $4.81 billion, but beat analysts’ estimates of $4.70 billion. Qualcomm Inc forecast current-quarter profit above Wall Street expectations and beat estimates for fourth-quarter revenue from its closely watched licensing business, sending its shares up 5 percent in extended trading. The world’s biggest supplier of mobile phone chips expects between 1.75 …

Strong demand for Note 10, iPhone 11 Pro lifts Samsung
5 years, 3 months ago

Strong demand for Note 10, iPhone 11 Pro lifts Samsung

Live Mint  

Samsung Electronics Co. posted earnings that handily beat analyst estimates as stronger smartphone demand offset price declines in the memory chip business. Samsung, the world’s largest producer of mobile phones and smartphone displays, is benefiting from solid demand for its Note 10 and for Apple Inc.’s iPhone 11 Pro, which uses the company’s OLED displays. “Although DRAM and NAND demand …

Samsung stock falls after profit drops 56% in second quarter
5 years, 5 months ago

Samsung stock falls after profit drops 56% in second quarter

CNN  

Hong Kong CNN Business — Samsung stock dropped on Wednesday after the world’s biggest smartphone maker reported a 56% fall in its operating profit for the second quarter, citing price declines in its memory chip business. Operating profit was 6.6 trillion Korean won for the three-month period that ended June, compared with 14.87 trillion Korean won the same period a …

Samsung staring at a big slump in Q2 profits: Report
5 years, 6 months ago

Samsung staring at a big slump in Q2 profits: Report

India TV News  

South Korean tech giant Samsung is staring at a big slump in its profits in the second quarter of 2019. Also, read: Samsung Galaxy Note 10 to feature ToF camera: Report "While Samsung hasn't explained what dragged it down this quarter, its performance early in the year suffered primarily due to a drop in memory chip sales. "While its increased …

Samsung profit slumps as memory chips and smartphones struggle
5 years, 6 months ago

Samsung profit slumps as memory chips and smartphones struggle

CNN  

Hong Kong CNN Business — Samsung is warning investors that its second quarter profit likely plunged56%, as the company continued to struggle with sluggish demand for memory chipsand smartphones. The earnings forecast was better than analysts’ downbeat expectations, thanks to what Samsung called a “one-time gain related to the display business.” The company supplies display screens to other smartphone makers …

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter
5 years, 8 months ago

Samsung Electronics bets on better second half after posting weakest profit in more than two years in first quarter

Firstpost  

Hit by falls in chip prices and slowing demand for display panels, Samsung posted operating profit of 6.2 trillion won in the quarter ended March Seoul: South Korea’s Samsung Electronics Co Ltd flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its weakest profit in more than two years in the …

Samsung profits dip by sixty per cent, despite strong sales of Galaxy S10
5 years, 8 months ago

Samsung profits dip by sixty per cent, despite strong sales of Galaxy S10

India TV News  

Samsung Electronics on Tuesday reported a massive 60 per cent drop in operating profits in the first quarter of 2019. Samsung went on to say, "The Semiconductor business saw a drop in memory chip prices as inventory adjustments continued at data centre companies, while demand for high-density memory for mobile phones increased thanks to new flagship smartphones". According to the …

Samsung profit warning shows more trouble ahead for smartphone makers
5 years, 9 months ago

Samsung profit warning shows more trouble ahead for smartphone makers

CNN  

Hong Kong CNN Business — Samsung is warning investors that 2019 is off to an even gloomier start than it feared. The South Korean tech giant said Tuesday that its earnings for the first quarter of the year will fall short of market expectations because of slumping demand for the memory chips and display panels it makes for electronic devices. …

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow
5 years, 11 months ago

After Apple, Samsung warns weaker earnings in 2019 as chip sales slow

Live Mint  

Seoul: Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29% drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said it expected "overall annual earnings to decline" this year, although sales of memory products would begin to revive …

Samsung braces for first profit drop in two years as China's economic growth slows
6 years ago

Samsung braces for first profit drop in two years as China's economic growth slows

Firstpost  

Samsung is expected to see a 12 percent year-on-year drop in operating profit to 13.3 trillion. Samsung, due to publish preliminary fourth-quarter results on 8 January, is expected to see a 12 percent year-on-year drop in operating profit to 13.3 trillion won for the period, I/B/E/S data from Refinitiv shows. This headwind continued to buffet the industry in the fourth …

Samsung profits plunge as smartphone and chip businesses struggle
6 years ago

Samsung profits plunge as smartphone and chip businesses struggle

CNN  

Hong Kong CNN Business — Samsung is the latest tech giant to warn that its business is suffering. The South Korean company said Tuesday that its fourth-quarter operating profit is set to plunge nearly 30% from a year earlier, well below analysts’ forecasts. Samsung, the world’s largest smartphone maker, didn’t mention China specifically in its earnings guidance on Tuesday, but …

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