Samsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating p...
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.
Operating profit was 6.2 trillion won in the January-March quarter, in line with the 6.2 trillion won the company had estimated earlier this month.Samsung’s core semiconductor business booked a 64 percent fall in operating profit to 4.1 trillion won, while the display business logged 560 billion won in losses.
The South Korean tech giant is hoping to revive flagging growth in its mobile business with its latest handset, featuring a big, bending screen.
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