Wednesday, August 1, 2018

Samsung Electronics growth stalls

As reported by the Korea Joongang Daily, Samsung Electronics growth (operating profit) stalled in the second quarter of 2018.  As noted in the article "The tech giant reported Tuesday that its operating profit for the April-June period was 14.87 trillion won ($13.27 billion), up 5.7 percent from the same period a year ago but down 4.9 percent from the previous quarter. Revenue for the second quarter tallied 58.48 trillion won, down 4.1 percent on year and 3.4 percent on quarter."  As shown in the graphic (click for a full size version), memory chips continued their strong performance while sales of smartphones and displays declined.