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Hi-Tech / Hardware

Low demand for memory in the twice reduced quarterly profit Samsung

3DNews: Novosti Hardware 31.07.2019 at 07:58

3DNews: Novosti Hardware

In accordance with the financial projections showed Samsung in the second quarter of 2019 calendar year turned out to be bad and very bad. For the year quarterly revenue decreased by 4% to 56.1 trillion Korean won ($47,51 billion). Operating profit for the same period fell by 56% to 6.6 trillion won ($5.59 billion). The main losses for Samsung began to decline in revenue and profit in the memory market. The company also lost money in the smartphone market, but not so much. Affected by strong competition in the niche of machines for primary and secondary levels and the declining demand for the company's flagship model. AP/Ahn Young-joon