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2019-01-31 17:13:41

After Apple, Samsung Records a 31% Drop in Net Profits: Are Big Phone Makers in Trouble?

 

Apple has struggled to win over the Chinese mobile phone market as reports have suggested but Samsung is also having a similar issue. Samsung Electronics revealed that it recorded a 31 percent decline in net profit in the fourth quarter of 2018 as the operating profits of its mobile business plunged by nearly 33 percent. Samsung Sees Large Net Profit Declines Analysts at Samsung attributed the overall decline in profits to various geopolitical factors including the U.S.-China trade war. Due to macroeconomic uncertainties, the company said that its memory business will likely not strongly rebound until the second quarter of The post After Apple, Samsung Records a 31% Drop in Net Profits: Are Big Phone Makers in Trouble? appeared first on CCN

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