as customers snapped up fewer cell phones and laptops. The tech giant reported operating profit of 4.3 trillion Korean won on Tuesday for the three months ended December, down 69% from a year ago. Revenue fell 8% to just under 70.5 trillion won , it said in a statement. It was the company’s weakest quarterly profit since the third quarter of 2014, when its smartphone business lost serious ground to competitors.
In a presentation to investors, the electronics maker confirmed that “mobile and PC demand was weak,” and its memory chip business had also suffered “as customers continued to adjust their inventories amid deepening uncertainties.” Samsung expects some of those problems to continue in the coming months due to global economic uncertainty, though it anticipates overall demand to start recovering in the second half of the year.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
I pay a lot of money to comcast because I have , which I wanted. So please then, CNN. Please help me understand why I must come to Friken TWITTER to get the news? Now, it's the TyreeNichols case literally nonstop. No other news in the world, just that one story 24/7.
TVs are great. Do not buy an appliance.
👍🏻
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Jobs report to give further clues about where economy is headed | CNN BusinessThe Federal Reserve is going to raise interest rates again on Wednesday. But will it be another half-point hike or just a quarter-point increase? And what about the rest of the year? a whole point better Intentional destruction of society Lol...ya,no recession coming.🙄
Source: CNN - 🏆 4. / 95 Read more »
Union members are poised to reject Disney World contract offer | CNN BusinessJonathan Pulliam has been working at Disney World since 2018, dressing up as everything from beloved Disney cartoon characters to Star Wars villains. And while he loves his job, he says he can't afford it any longer. Who cares Isn't that the company who completely screwed up George Lucas' Star Wars? Yeah, JarJar, Ruin, and Kathleen Kuntedy. Disney is not essential. Vote like your job depends on it … because it does.
Source: CNN - 🏆 4. / 95 Read more »
Pending home sales increased last month for the first time since May | CNN BusinessPending home sales increased in December for the first time since May, a sign that lower mortgage rates are bringing some buyers back into the housing market.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
Why gas prices are surging this month | CNN BusinessNormally, prices at the gas pump drift lower during the dead of winter as lousy weather keeps Americans off the roads. But something unusual is happening this year: Gas prices are rocketing higher.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »
ASML says 'rules are being finalized' on chip export controls to China | CNN BusinessSML, a Dutch maker of semiconductor equipment, says “rules are being finalized” on export controls -- amid reports that the Netherlands and Japan have joined the United States in restricting sales of some computer chip machinery to China. The art of the deal why so late? Any sanctions/fines for this delay MinPres ? Is this news reporting real or fake ? I’m so sick of you guys making things so dramatic all of time . Give me so much stress ! Time to investigate them
Source: CNN - 🏆 4. / 95 Read more »