The results underscore how demand for smartphones and the memory chips that power modern electronics remains sluggish given economic uncertainty. In December, rival Micron Technology Inc. delivered a better-than-projected revenue outlook that suggested data centre construction may make up for lukewarm computing and mobile device markets.
Samsung Electronics Co posted its sixth straight quarter of declining operating profit, reflecting stubbornly weak demand for consumer electronics globally.
Korea’s largest company reported a 35% fall in operating income to 2.8 trillion won (US$2.1 billion), versus the 3.7 trillion won average of analysts’ estimates. Revenue came to 67 trillion won, compared with projections for 70.31 trillion won.
