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Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand (CNBC)

CNBC:
Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand  —  – Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices.

Author: . [Source Link (*), Techmeme]

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