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samsung results: Samsung Electric forecasts 96% drop in Q2 profit as chip glut drags on

According to company data, it would be Samsung s lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009.

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Samsung Elec flags 96% drop in Q2 profit

Samsung Elec flags 96% drop in Q2 profit
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Samsung flags 96% drop in quarterly profit as chip glut drags on

Samsung flags 96% drop in quarterly profit as chip glut drags on
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Samsung profit lowest in over 14 years

Samsung profit lowest in over 14 years
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Samsung profit likely lowest in more than 14 years as chip glut persists

Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.

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