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Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery

Samsung Electronics says fourth-quarter profit slumped 34%, flags gradual chip recovery

4 years ago
Anonymous $-riAjkQg_1

https://www.reuters.com/article/us-samsung-elec-results/samsung-electronics-says-fourth-quarter-profit-slumped-34-flags-gradual-chip-recovery-idUSKBN1ZT001

Samsung Electronics Co said on Thursday its fourth-quarter operating profit slid by a third as the South Korean conglomerate soaked up a downturn in the memory chip market, but forecast a gradual recovery in chip prices this year.