Samsung Electronics is forecast to post its worst quarterly earnings in 14 years in the second quarter of the year as the chipmaker was hit hard by the worst-ever semiconductor downturn and weak smartphone demand.
SEOUL: Samsung Electronics said Friday it expected first-quarter operating profits to plunge more than 95 percent on-year to a 14-year low, as memory chip sales were hammered by a global downturn.
SEOUL, April 7 Samsung Electronics said today it expected first-quarter operating profits to plunge more than 95 per cent on-year to a 14-year low, as memory chip sales were.
Samsung Electronics said Friday it expected first-quarter operating profits to plunge more than 95 percent on-year to a 14-year low, as memory chip sales were hammered by a global downturn