Samsung flags profit decline as chip market weakens

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

SEOUL -- Samsung Electronics said Friday it expected operating profit to tumble 56 percent for the second quarter of this year in the face of a weakening chip market.

Operating profit for the April to June period is forecast to reach around 6.5 trillion won , down 56 percent from a year earlier, the world's largest maker of smartphones and memory chips said in a statement.

It has enjoyed record profits in recent years despite a series of setbacks, including the jailing of its de facto chief. Samsung launched its top-end S10 5G smartphone earlier this year, after South Korea won the global race to commercially launch the world's first nationwide 5G network. While Samsung's device was not the first folding handset, the smartphone giant was expected to help spark demand and potentially revive a sector that has been struggling for new innovations.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 26. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Beauty Queens call for plastic-free market shopping
Source: ANCALERTS - 🏆 26. / 50 Read more »

Central Visayas may be next big market for illegal drugs—SinasCebu City, Philippines—For Police Brigadier General Debold Sinas, Cebu may be the next big market for illegal drugs. Speaking during a press conference on Thursday, June 4, 2019, at the Police Regional Office Central Visayas headquarters at Camp Sergio Osmeña, Sinas divulged the accomplishment report of PRO 7, which showed that they have confiscated illegal […]
Source: cebudailynews - 🏆 8. / 71 Read more »