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Samsung flags smartphone profit fall, upbeat on chips

Reuters Thursday, 31 October 2019
Samsung Electronics warned of a smaller mobile business profit on Thursday as its rival Apple gave a positive iPhone sales outlook, dampening hopes new models will help the world's largest smartphone vendor finally get back on a growth track.
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News video: Samsung's profits fall by half in third quarter

Samsung's profits fall by half in third quarter 01:06

Samsung Electronics was upbeat on Thursday even though it reported that third-quarter operating profit more than halved due to low prices of memory chips, saying chip sales should pick up next year. Ryan Brooks reports.

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