Friday August 7, 2020

Samsung profits lag as tech sector slows

Samsung Electronics reported higher fourth-quarter earnings that fell well short of analysts’ forecasts

8th January, 2016
Analysts said the resurgence in the component business appeared to have lost some momentum in the fourth quarter

Samsung Electronics' profit miss is the latest sign the global smartphone market is running out of steam, spelling trouble for the suppliers of displays, semiconductors and other components that go into mobile devices.

The world’s largest maker of displays and memory chips, which sells to Apple and many other brands, posted fourth-quarter profit that fell short of analysts’ estimates as sales remained sluggish over the holiday season. Demand is waning for smartphones as markets mature...

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