Samsung's Quarterly Profits Down 95 Percent From Last Year; Company Blames Slow Consumer Spending, Chip Glut

Samsung Electronics on Thursday reported its worst quarterly profits in 14 years, blaming slowing consumer spending on electronics and a global microchip glut that hit its core memory business.

source https://www.gadgets360.com/mobiles/news/samsung-records-worst-quarterly-earnings-in-14-years-95-percent-decline-yoy-3983785#rss-gadgets-all

Atanu Das

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