Samsung Sinks As Fold Phone Waits

Credit: Wochit Business
Published on April 30, 2019 - Duration: 00:32s

Samsung Sinks As Fold Phone Waits

Hong Kong (CNN Business)Samsung's operating profit plunged 60% in the first quarter, as the South Korean technology company grapples with the delayed launch of its troubled Galaxy Fold phone and waning demand for its memory chips.

The world's largest smartphone maker reported an operating profit of 6.2 trillion won ($5.3 billion) for the first quarter on Tuesday, compared to 15.6 trillion won ($13.4 billion) the year before.

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Samsung Sinks As Fold Phone Waits

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