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Wireless

Samsung profit halves in Q2 on weak memory market, lower phone margins

Wednesday 31 July 2019 | 08:52 CET | News
Samsung's net profit in the second quarter more than halved, to KRW 5.18 trillion from KRW 11.04 trillion a year ago, due to a fall in results at its semiconductor business and lower profitability in smartphones. The company's revenues fell 56 percent to KRW 56.13 trillion, led by the decline in memory products. 

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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