Samsung Q2 profit plummets 19.6% | Bangkok Post: business

Business > News

Samsung Q2 profit plummets 19.6%

- +

Samsung said Thursday net profit plunged almost 20 percent in the second quarter as competition from cheap Chinese phones and the strong won saw sales slump in its key mobile business. 

Samsung reports a near 20% decline in second quarter net profit, blaming increased competition from cheap Chinese devices

The South Korean electronics giant said net profit came in at 6.25 trillion won ($6.1 billion), down 19.6 percent in the first on-year decline for nearly three years.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments