Samsung Electronics recently reported a significant 95% decline in operating profits in the last quarter. This decline was attributed to an oversupply of memory chips, causing a sharp drop in prices despite production cuts. Despite the challenging situation, Samsung managed to surpass analysts earnings projections.
SEOUL, July 27 Samsung Electronics today reported a more than 95 per cent plunge in operating profits in the second quarter owing to weak demand for memory chips. The firm is.
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.