Samsung Electronics sees profit decline on weaker chip demand after strong third-quarter earnings

said on Thursday it expects profits to fall in the current quarter after posting its highest operating profit in two years for the third quarter.

The world’s top maker of smartphones and memory chips posted a 59% jump in operating profit in the July-September quarter, on the back of its second-largest quarterly smartphone profit ever at 4.45 trillion won, the company said.

In the future, Samsung hopes to change from the role of a market participant to the role of the market creator that Steve Jobs advocated.

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Blackstone third-quarter earnings rise on strong asset salesBlackstone Group LP said on Wednesday third-quarter distributable earnings rose 9% year-on-year, as the world's largest manager of alternative assets such as private equity and real estate took advantage of a rise in corporate valuations to cash out on some of its... Simple the cross folder are folded. ready for the vote.
Source: Reuters - 🏆 2. / 97 Read more »