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Samsung's record-breaking streak is ending on falling chip prices

The Korean technology company has forecast that its operating profits for the second quarter of 2018 would be 14.8 trillion won

Jamie Condliffe | NYT 

Falling chip prices have cut into Samsung’s margins and put an end to almost two years of increasing profits. The Korean technology company has forecast that its operating profits for the second quarter of 2018 would be 14.8 trillion won (about $13.2 billion). That would be a decrease from 15.64 trillion won in the first quarter of 2018 and mark the first time its operating profits pulled back since the third quarter of 2016. Samsung owed much of its success over the past 18 months to its sales of memory chips, which account for just under a third of its revenue. Prices of those ...

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First Published: Sat, July 07 2018. 21:17 IST
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