Samsung semiconductor profits down 70.7% y/y on low prices
  • 5 years ago
Samsung Electronics' profits from its semiconductor business plunged in the second quarter... by more than 70 percent from a year earlier,... mainly due to low memory chip prices.
The company said Wednesday that it made just 2-point-8-8 billion U.S. dollars on chips... the lowest figure in five years.
Sales fell 4 percent to around 47 billion dollars, and Samsung's profits overall were down almost 56 percent from a year earlier.
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