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Thread: Samsung profit slumps 25 percent

  1. #1

    Default Samsung profit slumps 25 percent

    SEOUL (Reuters) - Samsung Electronics posted a bigger-than-expected 25 percent slump in quarterly operating profit on Friday, hit by sliding margins in mobile phones and memory chips.

    The outlook for the current quarter is grim as prices for flash memory chips, popular in hot-selling digital cameras and music players, are likely to fall further before recovering in the second half on seasonal demand.

    http://news.moneycentral.msn.com/pro...414&ID=5643995

  2. #2
    Duck of Death ShooterMcGavin's Avatar
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    not to mention didn't they just get hit with a fine or something after being found guilty of price fixing or something like that? don't really remember the details but do remember reading about it not too long ago.

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