Samsung Expects Smartphone Demand to Decline YoY as Firm Reports 69 Percent Plunge in Quarterly Profit

Samsung on Tuesday said persistent macroeconomic uncertainty will make for a tough first half year as the world's biggest maker of memory chips and smartphones reported a 69 percent plunge in fourth-quarter profit, its lowest quarterly profit since 2014. Consumer demand for electronic devices has dropped as clients spend less in a weak economy, dragging down memory ch...