Arab Today, arab today samsung expected to log plunge in q3 profit
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Arab Today, arab today
Arab Today, arab today

Samsung expected to log plunge in Q3 profit

Arab Today, arab today

Arab Today, arab today Samsung expected to log plunge in Q3 profit

Seoul - Yonhap

Samsung Electronics Co., the world\'s largest memory chipmaker and No. 2 mobile phone maker, is forecast to report a sharp on-year decline in its third-quarter profit, hit by weak consumer demand in advanced countries, market analysts said Thursday. The company is expected to report an operating profit of 3.35 trillion won (US$2.83 billion) for the July-October period, down 31 percent from one year earlier, a market consensus of analysts showed.

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