Samsung sees profit decline on weak chip demand after strong Q3 earnings

Topics Samsung | Q3 results


By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) - Samsung Electronics Co Ltd <005930.KS> said on Thursday it expects fourth-quarter profit to fall due to weak server chip demand and rising smartphone competition, after posting its best quarterly operating profit in two years in the third quarter. The world's top maker of smartphones and memory chips posted a 59% jump in operating profit in the July-September quarter, on the back of its highest quarterly smartphone profit since 2014 at 4.

45 trillion won (3.03 billion pounds). A.

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