The logo of Samsung is seen on the top of a Brussels' office of the company in Diegem, Belgium September 21, 2023. REUTERS/Yves Herman/ File PhotoSEOUL : Samsung Electronics Co Ltd reported a likely 78 per cent drop in third-quarter operating profit on Wednesday, as the effects of an ongoing global chip glut drive losses in what is normally the South Korean tech giant's cash cow business.
The world's largest memory chip and smartphone maker estimated its operating profit fell to 2.4 trillion won in July-September, from 10.85 trillion won a year earlier in a short preliminary earnings statement. We know it's a hassle to switch browsers but we want your experience with CNA to be fast, secure and the best it can possibly be.
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