Samsung Elec Q3 profit dives 56% as chip prices declines


The world's top maker of memory chips and smartphones said operating profit was 7.8 trillion won (£5.20 billion), slightly above the 7.7 trillion won estimate the company released earlier.

SEOUL: Samsung Electronics Co Ltd reported a 56% fall in third-quarter operating profit on Thursday, reeling from chip price declines in the face of a prolonged industry downturn.

The world's top maker of memory chips and smartphones said operating profit was 7.8 trillion won (£5.20 billion), slightly above the 7.7 trillion won estimate the company released earlier.

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Samsung Electric , 3Q , results , chip maker , smartphones ,

   

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