[New post] Samsung’s troubles deepen as chip business no longer offsetting decline in smartphone profits

Ben Lovejoy posted: " Samsung has today reported a steep 40% decline in net profits in its Q4 earnings, stating that its chip and component business has been hit by weaker prices. It revealed that net profit for the final quarter of 2015 fell to 3.2T Korean won ($2.7B), si" Respond to this post by replying above this line New post on 9to5Google Samsung’s troubles deepen as chip business no longer offsetting decline in smartphone profits by Ben Lovejoy Samsung has today reported a steep 40% decline in net profits in its Q4 earnings, stating that its chip and component business has been hit by weaker prices. It revealed that net profit for the final quarter of 2015 fell to 3.2T Korean won ($2.7B), significantly short of market expectations. Facing global economic headwinds, including a sharp fall in oil prices, the company's fourth quarter earnings fell QoQ, as the components side of the business was impacted by weakened prices for DRAM chips and LCD panels due to overall softer demand in the IT market and PCs. Samsung's smartphone business has long been struggling with increased competition from lower-cost Chinese brands, and the WSJ reports that the company expects things to be even tougher this year ... Read more of this post Ben Lovejoy | January 28, 2016 at 5:46 am | Tags: Samsung, Samsung earnings, Samsung earnings Q4 2015, Samsung financials, Samsung troubles | Categories: Google Corporate | URL: http://wp.me/p1w6tN-xUZ Comment    See all comments Unsubscribe to no longer receive posts from 9to5Google. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://9to5google.com/2016/01/28/samsung-earnings-q4-2015-troubles/ Thanks for flying with WordPress.com