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Seoul (APA / Reuters) – The collapse of the smartphone market shocked Samsung in the spring. Operating profit increased only by 5.7% to 14.9 trillion won (the equivalent of 11.4 billion euros), as has been the case. announced the company Tuesday. In the mobile phone sector, profits even fell by a good third compared to the previous year.
For the second half, the supplier and competitor Apple also predicted stronger competition with the arrival of new models. On the other hand, things were better in the flea sector, where profits climbed 45%. Samsung is enjoying strong growth in cryptocurrencies and data storage on the Internet, which is boosting the demand for memory chips. The memory chip industry is by far the largest contributor to Samsung's profit
Revenues fell 4% to $ 58.5 trillion from April to June. Like other major electronics companies, Samsung is fighting the impact of the trade dispute between the United States and China. In addition, there is a decline in the prices of some memory chips as well as the growing competition in the smart phone market by cheaper devices from China
~ WEB http://www.samsung.com/ ~ APA010 2018-07-31 / 03: 23 [19659005]
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