Samsung expects profit to drop in Q2 as Covid-19 hits phone, TV sales

Samsung Electronics on Wednesday said it expected its profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, even as its chip business would remain solid.

The company said its operating profit rose 3 per cent in the January-March period, in line with an earlier estimate, as work-from-home orders boosted demand for server and computer chips. The South Korean conglomerate joined other tech giants in warning of uncertainty over how long the coronavirus would continue to hurt.....

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