First quarter profit down 86% – Corriere.it

Samsung Electronics reports its worst quarterly earnings in 14 years, factoring in a slowdown in consumer electronics spending and a global spate of microchips hitting its core memory business. The South Korean giant, world leader in memory chips and smartphones, announced operating profit that fell to 640 billion won (-95.5% annually), equivalent to about $480 million. Net profit was 1,570 […]