Samsung Electronics says its Quarterly Profit hit 8 8-year low due to curbed demand for electronic devices. Profits at the World's Largest Memory Chip, Smartphone & TV maker are expected to shrink again in the current quarter, Analysts Predicted.
It was Samsung's smallest quarterly profit since the third quarter of 2014. Quarterly Revenues are likely to fall 9% from the same period a year earlier to 70 trillion won, Samsung said. As we know Samsung is Asia's 4th Largest company.