Samsung operating profit down sharply on slower chip demand

ABC News | 1/30/2019 | Staff
Click For Photo: https://s.abcnews.com/images/Technology/WireAP_d99d8fff7e774c89bf3f6f8873ada20e_16x9_992.jpg

Samsung Electronics Co. has posted a near-30 percent drop in operating profit for the last quarter after seeing slowing global demand for its memory chips and smartphones.

The South Korean technology giant on Thursday said its operating profit during the October-December quarter declined 28.7 percent at an annual pace to 10.8 trillion won ($9.7 billion). Sales...
(Excerpt) Read more at: ABC News
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