Samsung second quarter profit slumps 53%
Weakening chip market has major impact on South Korean giant
Image Credit: Bloomberg
Seoul: The world's biggest smartphone and memory chip maker Samsung Electronics saw net profits slump by more than half in the second quarter, it said Wednesday, in the face of a weakening chip market.
Net profits in the three months to June were 5.18 trillion won (Dh16 billion), it said in a statement — down 53 per cent year-on-year.