Samsung Q3 Profits Soar 59 On Strong Demand For Smartphones Memory Chips
Alongside its smartphone and memory businesses, other products, like display panels, also saw high demand during the last quarter, adding to the company’s bottomline. However, a decline in demand for smartphones and deceasing prices of memory chips are expected to weigh heavily on the company’s earnings during the current quarter. The being the case, Samsung warned of reduced earnings in Q4, 2020 amidst intensifying competition and weakening demand in an uncertain global economy still reeling under the effects of the pandemic....