samsung q4 profit fall 69 percent eight year low memory chip prices electronics demand samsung – Techly360

samsung q4 profit fall 69 percent eight year low memory chip prices electronics demand samsung

Samsung Takes Massive Hit as Profit Falls 69 Percent to Eight-Year Low

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Samsung Electronics flagged on Friday its quarterly profit tumbled by two-thirds to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices. The dismal profit estimate by the world’s largest memory chip, smartphone and TV maker – a bellwether for global consumer demand – sets a weak … Read more