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Samsung Q3 results fall on memory chip slump, smartphones still shine

Thursday 31 October 2019 | 08:21 CET | News
Samsung Electronics saw its net profit for the third quarter halve, to KRW 6.29 trillion from KRW 13.15 trillion a year ago, hurt by the slump in memory chip prices and lower TV sales. Revenues fell 5.3 percent to KRW 62.0 trillion, as the decline in chips and consumer electronics offset growth in smartphones and mobile displays. 

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Categories: Mobile & Wireless
Companies: Samsung
Countries: World
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