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Business

Samsung profit halves as downturn wallops chips and smartphones

SEOUL: Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.

Business

Samsung Electronics Q2 profit likely halved

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.

Business

Another setback for Samsung as profit misses estimates

SEOUL: Samsung Electronics Co joined rivals in cautiously predicting a rebound in chip prices in the second half of the year as demand from server-makers picks up.

Business

Samsung Electronics first-quarter profit falls 60% on-year as weak chip prices bite

SEOUL: Samsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels.

Business

SK Hynix forecasts recovery after sharp fall in profit

SEOUL: SK Hynix Inc., a supplier to Apple Inc., posted a steep decline in operating profit but forecast a recovery in demand this quarter for memory chips used in smartphones and data centres.

Business

Samsung Electronics quarter one earnings under pressure as chip prices fall

SEOUL: The odds are stacked against Samsung Electronics Co Ltd ahead of the release of its first-quarter earnings guidance on Friday, with memory chip prices falling and its pricey premium smartphones struggling to be profitable