Thursday October 1, 2020

Samsung CFO says quarterly profits will be “not that good”

Samsung, the world’s largest smartphone maker, expects its second-quarter earnings to be “not that good,” Chief Financial Officer Lee Sang Hoon said.

25th June, 2014
Sales of Samsung's Galaxy devices are squeezed by Apple iPhones in the high-end market

Samsung, the world’s largest smartphone maker, expects its second-quarter earnings to be “not that good,” Chief Financial Officer Lee Sang Hoon said.

Lee’s comments were confirmed by the company after they were first reported by South Korean media. Samsung is expected to post operating profit of 8.4 trillion won ($8.2 billion) in the three months ending June, according to the average of 35 analyst estimates compiled by Bloomberg.

Samsung’s earnings have slipped...

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