Samsung issues lengthy apology after disappointing profit guidance — read the full statement

Samsung issues lengthy apology after disappointing profit guidance — read the full statement

The leading memory chip manufacturer, Samsung Electronics, has projected a lower operating profit for the quarter ending in September than expected. The decline in performance is attributed to one-time costs and negative impacts, including inventory adjustments and increased competition from Chinese firms. The company’s management has issued an apology and outlined plans to restore technological…

Read More