Memory boom squeezes Samsung Galaxy profits as component costs surge
Seoul, Oct. 8 -- Samsung Electronics faces an unusual operational paradox where its record-breaking memory chip sales are directly squeezing profits at its flagship Galaxy smartphone division, according to a news report by The Korea Herald.
While surging memory prices propelled the South Korean tech giant towards a projected record third-quarter operating profit of 107.4 trillion won (~USD 78.8 billion), brokerages estimate that its mobile and networks businesses lost between 900 billion won (~USD 660.4 million) and 1.9 trillion won (~USD 1.39 billion) during the same period.
The deepening deficit comes despite steady shipments and strong consumer interest. The company previously recorded a 700 billion won (~USD 513.6 million) operating...
Click here to read full article from source
इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.