The company says its third quarter revenue likely rose 5.3% from last year to 62 trillion won ($52 billion). South Korea’s biggest company is suffering from the slowdown in its core industry, though analysts say the demand will likely revive as next-generation networks are rolled out. ADSamsung is the world’s biggest maker of semiconductors and smartphones, but it has struggled with falling prices for DRAM and NAND memory chips since late last year. The situation was made worse by U.S. sanctions against China’s Huawei Technologies, a major purchaser of Samsung’s chips. ADAnalysts say Samsung’s sales during the third quarter should have been boosted by the launch of its Galaxy Note 10 smartphone and an improvement in display shipments driven by the release of new devices by Apple.

Source: Washington Post October 08, 2019 05:26 UTC