Samsung’s 2019 profits down 52.8% YoY, mobile profits down 8.8% YoY

Samsung has reported its earnings for Q4 2019 and the whole of 2019 that ended December 31, 2019. In Q4 2019 the company has made operating profit of 7.16 trillion won, down 33.7% YoY. This is due to continued fall in memory chip prices and weakness in display panels. “Improving demand for memory used in servers and mobile products, as well as solid sales of flagship smartphones, helped ease the decline in overall earnings, said the company.  Continue reading “Samsung’s 2019 profits down 52.8% YoY, mobile profits down 8.8% YoY”