Samsung’s Quarterly Profit Set to Drop 92 Percent as Chip Glut Worsens Amid Economic Slowdown
Samsung Electronics’ first-quarter profit is expected to plunge 92 percent to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown. The launch of a new flagship smartphone is expected to have supported mobile profits, but its chip … Read more