Samsung’s cash cow of late has been semiconductors, but demand is now weakening
SEOUL—Samsung Electronics Co. said it expects to post a 60% decline in first-quarter operating profit as memory-chip demand has faded, the latest fallout from a global pullback in spending.
On Friday, Samsung said it expected an operating profit of 6.2 trillion South Korean won , down from 15.64 trillion won a year earlier. The company expects revenue to decrease 14% to 52 trillion won for the quarter ended March 31. The company reports its final results later this month.Samsung has four new phones in its premium line—the Galaxy S10e, S10, S10+ and S10 5G. WSJ’s Joanna Stern explains how they differ in size, cameras, price and network connectivity.
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