Samsung Electronics Co Ltd is likely to post a fourth consecutive qu...
) is likely to post a fourth consecutive quarter of declining profit when it reports preliminary earnings next week, though investors will be hoping the worst has passed with chip prices showing signs of recovery.
“The chip market is in the process of recovery as the inventory level is falling on the supply side,” said Avril Wu, an analyst at tech researcher TrendForce. While things are looking up for Samsung in terms of chip prices, analysts remain concerned about the impact of the U.S.-China trade war on major exporters like South Korea’s tech giants.
Samsung’s share of the European mobile market leapt to a five-year high of more than 40% in the second quarter, while Huawei’s slipped below 20%, according to data from research firm Canalys.
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