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Samsung warns earnings may decline
Samsung Electronics Co. warned earnings may decline this quarter after the coronavirus outbreak hurt demand for its smartphones and gadgets, trimming income gained from surging server-chip orders.
South Korea’s largest company reported a 4% slide in net income to 4.9 trillion won ($4 billion) in the three months ended March. [Bloomberg]
Samsung Electronics Co. warned earnings may decline this quarter after the coronavirus outbreak hurt demand for its smartphones and gadgets, trimming income gained from surging server-chip orders.
South Korea’s largest company reported a 4% slide in net income to 4.9 trillion won ($4 billion) in the three months ended March. [Bloomberg]