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Samsung Operating Profits Nose-Dive 40% in Q4 2018 - [briefly]
06:21 AM EST - Jan,09 2019 - post a comment

Samsung has announced that its 40% decline in operating profits in Q4 2018 is due to a weak market demand for memory chips. Samsung posted an operating profit of 10.8 trillion won which is 38.5% lower than the 15.1 trillion won it posted in the previous quarter. This is the lowest operating profit that Samsung has posted since Q1 2017. Samsung shares closed down 24% last year and fell another 1.68% Tuesday.

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