Samsung's net profit drops 53% in the second quarter



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2019 ж. 31 years. күні жарияланды

Samsung Electronics' profits fell 53% in the second quarter due to weakness in its chip business, which drove its share price down by almost 3%. The chip business, one of Samsung's main sources of revenue, fell sharply by 71 percent to $ 2.9 billion. The company is also facing export restrictions imposed by Japan while a trade dispute is being built between Seoul and Tokyo. Mr. Mark Matthews, Managing Director and Head of Asia Research at Bank Julius Baer, ​​was in the studio commenting on what was wrong with Samsung, and whether the launch of Galaxy Fold and Galaxy Note 10 would help to boost sales.

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