Tech
Samsung reports worst decline in sales in over a decade
The electronics giant is expected to have a slight recovery in the fourth quarter of this year
Samsung Electronics Co. reported its worst decline in quarterly revenue since at least 2009, stoking uncertainty over when a year-long electronics and memory chip demand slump will end.
The stock slid 2.4 per cent in Seoul, the most in three months, after Samsung reported a larger-than-anticipated 22 per cent decline in sales to 60 trillion won (€42 billion). Operating profit plunged 96 per cent in the three months ended June, though at 600 billion won ...
