Samsung Says Q4 Profit Tumbled 69 Percent to Eight-Year Low Amid Weakening Global Economy

Samsung on Friday said that its Q4 profit fell to an eight-year low, amid low demand for electronic devices and falling memory chip prices and a weak global economy. The South Korean conglomerate’s dismal profit estimate also sets a weak tone for other technology firms’ quarterly results. Meanwhile, the company’s profits are expected to shrink again in the current qua…

Author: . [Source Link (*), Gadgets 360]

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