Samsung hit by weak demand in key products as it prepares to launch new Galaxy Flagship phones
The world’s biggest smartphone maker Samsung Electronics reported a drop in fourth-quarter net profits on Thursday, blaming weakening demand for key products and falling chip prices. Net profit for the October-December period was KRW 5.23 trillion ($4.4 billion), down 38 percent from the previous year, the company said in a statement. “Fourth-quarter profit declined year-over-year … Read more