https://apnews.com/cbe450cd1816433ea40a80589a6421f4

SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday its operating profit for the last quarter declined more than 60% from a year earlier because of falling chip prices and sluggish demands for its display panels.

The South Korean technology giant said its operating profit for the January-March period came in at 6.2 trillion won ($5.2 billion), which was similar to an estimate it announced earlier this month.