Samsung Electronics signals slower profit fall as chip slump eases
Global chip prices — the biggest determinant of Samsung’s bottom line — have shown signs of escaping a protracted slump
08 January 2020 - 20:28
Seoul — Samsung Electronics’s quarterly earnings beat estimates on Wednesday after memory chip prices began to climb out of a persistent downturn.
The world’s largest memory chipmaker reported a 34% fall in operating income to 7.1-trillion won ($6.1bn) in the three months ending December, according to preliminary results released on Wednesday by the Suwon, South Korea-based company. That compares with the 6.49-trillion won average of analysts’ estimates...
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