Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit

Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dragging down memory ch...

source https://www.gadgets360.com/mobiles/news/samsung-smartphone-demand-drop-earnings-profit-69-percent-decline-chip-demand-slowdown-3738479#rss-gadgets-all

Atanu Das

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