Samsung Electronics Q4 earnings drop 53% y/y

Samsung Electronics Q4 earnings drop 53% y/y


now Samsung Electronics might be
enjoying Las Vegas at the moment but their quarterly earnings drop by over a
third on-year in the fourth quarter of last year however its performance beat
market estimates indicating that memory chip prices are beginning to climb out
of what has been quite a persistent downturn the world’s top chip maker
reported a 34 percent fall in operating income to 6.1 billion US dollars in the
October to December period sales edged down point six percent on-year to 50
billion dollars the earnings guidance released Wednesday ahead of full
earnings latest months didn’t provide specific breakdowns of each division for
the whole of 2019 Samsung’s operating profits fell 53 percent on-year

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