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Samsung warns of profit decline as demand for memory chips wanes

Samsung Electronics Co. Ltd. said today that its operating profit is likely to decline in the fourth quarter because of weak demand for its memory chips and stiff competition in the smartphone market. The company had just announced a 59% increase in its operating profit, to 12.35 trillion won (around $10.89 billion), in its third …

The post Samsung warns of profit decline as demand for memory chips wanes appeared first on World Consulting Group.

https://www.worldconsultinggroup.com/samsung-warns-of-profit-decline-as-demand-for-memory-chips-wanes/