Samsung expects its fourth quarter operating profit to fall 69% year-on–year to $3.37 Billion, an eight-year low. This is due to a greater-than-expected drop of memory chip demand (CNBC).


Samsung expects that its fourth-quarter operating profits will drop 69% year on year to $3.37 billion. This is an eight-year-low.Samsung Electronics reported Friday that its quarterly profit fell by eight years due to a weaker global economy. The weakening of memory chip prices and reduced demand for electronic devices led to a decline in profits.

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