Samsung Electronics enjoyed record profits in recent years despite a series of setbacks but reports today of lower profits because of a slump in demand for chips. – EPA pic, April 30, 2019.
SAMSUNG Electronics, the world’s biggest smartphone and memory chip maker, reported a slump in first-quarter net profits today, in the face of a weakening chip market. Net profits in the January-March period were 5.04 trillion won – the lowest since the third quarter of 2016 – it said, down 56.9% year-on-year.
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