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Samsung Q1 profits fall on weak memory, display results, lower smartphone sales
2019-04-30 08:42:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics confirmed a sharp fall in profit in the first quarter, hurt by the drop in memory chip prices, losses at its display business and lower margins in smartphones after a revamp of its lower-end models. Samsung said it expects memory and display demand to improve from the second half of the year, but the smartphone and TV business will remain "challenging" due to the intense competition and uncertain economic environment.
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Category:Telecommunications