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Samsung predicts 56% drop in 2Q profit on weak chip market

Samsung predicts 56% drop in 2Q profit on weak chip market

Samsung Electronics said Friday its operating profit for the last quarter likely fell more than 56 per cent from a year earlier. The company estimated an operating profit of 6.5 trillion won ($5.5 billion) for the April-June quarter, which would represent a 56.3 per cent drop from the same period last year. The company said its revenue likely fell 4 per cent.

KCooper
KCooper
Ciaran Quinn
Ciaran Quinn 1 year

Good. Maybe they'll innovate and not hash out the same old shit

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