The quarterly result would be the South Korean firm
SEOUL: Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings tomorrow, data showed, as a drop in memory chip shipments to China’s embattled Huawei exacerbated a price-squeezing supply glut.
The quarterly result would be the South Korean firm’s lowest in nearly three years, with the prospect of an earnings recovery still some quarters away as a period of oversupply continues unabated amid a broader slowdown in tech markets, analysts said.
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