Samsung Electronics says third quarter profit fell 56%

Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips.

Samsung is the world's biggest maker of semiconductors and smartphones, but it has struggled with falling prices for DRAM and NAND memory chips since late last year. Samsung said there are positive signs for its semiconductor business, which could possibly be boosted by data-center customers and the expansion of 5G smartphone services in the coming months. However, the company said semiconductor demand for next year should be"viewed with caution as uncertainties remain in the macroeconomic environment," a likely reference to the U.S.-China trade dispute.

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Only 6.7 billion...

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