Tag: Samsung profits

[ad_1] South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year on year after a global economic downturn hit demand for consumer electronics. South Korean tech giant Samsung Electronics on Thursday said its third-quarter operating profits were down 31.39 percent year on year after a global economic downturn hit demand for consumer electronics.Earnings in its crucial memory chips division dropped, the company said in a statement, adding that "demand for consumer products remained weak". Operating profit for July to September 2022 fell to 10 trillion won ($7 billion), down from 15.8 trillion won for the same period last year, the company said. The results were released the same day the company announced de facto leader...