Samsung warns of 56% profit slide, but two of its biggest rivals will help it recover


Samsung earnings

Samsung on Tuesday released its earnings guidance for the third
quarter, ahead of unveiling its actual results for the quarter
later this month, and quickly made headlines for saying the company
is expecting to reveal a 56% slide in its profit. The decline,
according to the company, is attributable to falling demand for
Samsung’s memory chips — one of the electronics giant’s myriad
product lines in addition to big-ticket items like TVs and its
smartphone brands.


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Samsung warns of 56% profit slide, but two of its biggest rivals
will help it recover
originally appeared on BGR.com on Tue, 8 Oct 2019 at 21:03:19 EDT.
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Source: FS – Phones – News
Samsung warns of 56% profit slide, but two of its biggest rivals will help it recover