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mylesillidge
Journalist
- Joined
- Jul 29, 2021
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Samsung reports big profit decline
Samsung Electronics Co.'s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated.
South Korea's largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation.
[Bloomberg]
Samsung Electronics Co.'s profit dropped by the most in over a decade, in a sign that the global economic slowdown may be hurting electronics demand even more than anticipated.
South Korea's largest company has been grappling with weak demand for memory chips, smartphones and displays as consumers tamp down holiday spending amid soaring interest rates and inflation.
[Bloomberg]