ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Samsung's chip and smartphone segments face falling profits

Declines in memory chip prices weigh on company's earnings

Samsung's smartphone unit reported falling profit as competition with rivals Apple and Huawei has intensified.   © Reuters

SEOUL -- Falling prices for memory chips sent South Korean electronics giant Samsung Electronics' profits tumbling, financial results for the company's individual business segments show.

Overall operating profit for the January-March quarter plunged to 6.23 trillion won ($5.35 billion), a 60% drop from the previous year, the company announced on Tuesday. Profit at its chip-making segment fell 64% to 4.12 trillion won.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more