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ELECTRONICS October 9, 2019 Samsung Electronics says Q3 profit seen down 56%, beats expectations
By: Loknath DasSouth Korean tech giant Samsung Electronics on October 8 reported its third-quarter operating profit likely tumbled 56 percent, hurt by a downturn in global memory chip prices but slightly better than analysts had anticipated. The world’s biggest semiconductor firm by revenue has struggled since late last year as a weak global economy and slower spending from […]
ELECTRONICS July 31, 2019 Samsung Electronics looks to chip recovery as Q2 profit falls 56%
By: Loknath DasSamsung Electronics Co Ltd said it expected the chip market to bottom out and start to recover in the second half as it posted a 56% drop in quarterly profit on Wednesday, hit by declines in semiconductor prices amid oversupply. The outlook from the global chip leader will give investors hope that the notoriously cyclical […]
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