Samsung is hoping to revive flagging growth in its mobile business with its new foldable phone.
Revenue fell 13.5%, also in line with its earlier estimates.
Samsung is hoping to revive flagging growth in its mobile business with its latest handset, featuring a big, bending screen.SEOUL - Samsung Electronics posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels. The world's top maker of smartphones said its mobile business posted a 40 percent drop in operating profit to 2.3 trillion won.
But in a blow to its renewed focus on innovation, Samsung delayed global sales of its upcoming foldable phone after several reviewers discovered problems with the display.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Samsung Electronics first-quarter profit falls 60% on-year as weak chip prices biteSamsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating p...
Weiterlesen »
More than 60 dead in South Africa after heavy rainsMultiple dwellings and houses collapsed in the mudslides triggered by days of rains, said KwaZulu-Natal Emergency Medical Services spokesman Robert McKenzie.
Weiterlesen »
Trader bets Tesla could plunge nearly 60% by AugustOne options trader is making a big-time bet that Tesla will plunge through a key level and end up down 60% at levels we haven't seen in years.
Weiterlesen »
Small group blamed for Sri Lanka attack went 'from zero to 60'International links of the little-known Islamist group blamed for the Easter Sunday suicide bombings in Sri Lanka are under the spotlight amid questions about whether it was capable of orchestrating such a complex attack without outside help.
Weiterlesen »
Up to 60% of our health is determined by zip codeHow BCBS investments in community programs are helping to improve America’s health.
Weiterlesen »
Sri Lanka says 60 people arrested since Easter Sunday blastsMore than 60 people have been arrested since the rash of Easter Sunday suicide b...
Weiterlesen »
Starbucks shares jump after earnings beatStarbucks reported strong Q2 results, beating Wall St. expectations with an EPS of 60 cents.
Weiterlesen »
The Woman Who Died In The Poway Synagogue Shooting Took A Bullet For The RabbiLori Gilbert Kaye, 60, was 'a true Eshet Chayil, a Woman of Valor,' her friend said.
Weiterlesen »
A Texas Couple Who Filmed Themselves Sexually Abusing At Least 25 Children Get 60 Years In Prison“These are two of the most wicked criminals in Texas history,” US Attorney John Bash said.
Weiterlesen »
These grandparents are dropping everything to fight climate changeA growing number of older Americans say climate change has created an all-hands-on-deck moment for humanity, a call they are compelled to answer.
Weiterlesen »