Samsung Electronics reports operating profit of $6.7 billion for July-September quarter, which represents a 55.7% drop from the same period last year.
Samsung Electronics said Thursday its operating profit for the last quarter fell by nearly 56%, with its robust sales of smartphones, displays and TVs offset by a continuously weak market for computer chips.
Samsung is the world's biggest maker of semiconductors and smartphones, but it has struggled with falling prices for DRAM and NAND memory chips since late last year. Samsung said there are positive signs for its semiconductor business, which could possibly be boosted by data-center customers and the expansion of 5G smartphone services in the coming months. However, the company said semiconductor demand for next year should be"viewed with caution as uncertainties remain in the macroeconomic environment," a likely reference to the U.S.-China trade dispute.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Samsung’s Earnings Fall Sharply, Dragged Down by Chip SlumpSamsung Electronics’ third-quarter net profit fell sharply, pressured by a downturn in the memory-chip market, despite growth at its mobile and display businesses.
Lire la suite »
Samsung flags smartphone profit fall, upbeat on chipsSamsung Electronics warned of a smaller mobile business profit on Thursday as it...
Lire la suite »
Samsung says Q3 profit rose 18% on-quarter and beat guidanceMemory components used in smartphones and data centers make up Samsung's main profit-making business.
Lire la suite »
Pfizer raises 2019 forecast as sales of cancer drug, heart medicine surgePfizer Inc reported a higher-than-expected third-quarter profit on Tuesday on in...
Lire la suite »
GM 3Q profit falls 7% as auto workers strike cuts productionOnly two weeks of a lengthy strike against General Motors happened in the third quarter, but that was enough to dent the company's net profit by about $1 billion.
Lire la suite »
Credit Suisse doubles third-quarter profitCredit Suisse reported strong third-quarter profits on Wednesday, helped by the ...
Lire la suite »