Tag Archives: Samsung Electronics profits tumble 56 percent in the third quarter

Samsung Electronics said on Tuesday it expected operating profits to drop more than 50 percent in the third quarter as it struggles with a long-running slump in the global chip market. Operating profit for July to September was forecast to reach 7.7 trillion won ($6.4 billion), down 56.2 percent from a year earlier, the world’s largest maker of smartphones and …

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