Tag Archives: to Bounce Back Anytime Soon

Samsung Not Expecting Smartphone Profits to Bounce Back Anytime Soon

Samsung Electronics reported Thursday a bigger-than-expected decline in fourth quarter earnings as its mainstay smartphone and semiconductor businesses suffer amid weakening global demand for consumer electronics. The South Korean company also warned a recovery in profit is unlikely during the first half of this year due to a tough business environment. Samsung’s net profit for the October-December period plunged 40 ... Read More »