Samsung Profit Slumps

0

Samsung Electronics posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.


The outlook for the current quarter is grim as prices for flash memory chips, popular in hot-selling digital cameras and music players, are likely to fall further before recovering in the second half on seasonal demand.


*

Read the full Reuters story

.

No posts to display