Samsung expects profit to fall on weak chip demand after strong Q3 earnings

//Samsung expects profit to fall on weak chip demand after strong Q3 earnings

Samsung expects profit to fall on weak chip demand after strong Q3 earnings

Samsung Electronics said on Thursday it expects fourth-quarter profit to fall due to weak server chip demand and rising smartphone competition, after posting its best quarterly operating profit in two years in the third quarter.The world’s top maker of smartphones and memory chips posted a 59 per cent jump in operating profit in the July-September quarter, on the back of its highest quarterly smartphone profit since 2014 at 4.45 trillion won (US$4 billion).A near 50 per cent jump in sales of…

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By | 2020-10-29T02:01:25+00:00 October 29th, 2020|Technology|Comments Off on Samsung expects profit to fall on weak chip demand after strong Q3 earnings