Samsung Electronics said on Friday it expected first-quarter operating profits to plunge more than 95% year-on-year to a 14-year low.
The firm said in a regulatory filing that January-March operating profits were expected to drop 95.7 percent to $455 million, their lowest level since the first quarter of 2009. But it said it will continue investments in infrastructure as well as research and development in anticipation that"solid demand is expected over the long run".
Nothing surprising. Samsung has gone about business in a wrong way.
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Source: TechCentral - 🏆 8. / 71 Read more »