The U.S.-China trade dispute exacerbated weak demand for memory chips, the source of 75% of Samsung's operating profit in 2018
SEOUL—Samsung Electronics Co. said it expects its second-quarter operating profit to decline 56.3% from a year earlier as sluggish demand for memory chips was exacerbated by the nagging U.S.-China trade dispute.
Samsung said it expects operating profit to fall to 6.5 trillion South Korean won from 14.87 trillion won a year earlier. Revenue is expected to fall 4.2% to 56 trillion won. The company will report final results later this month.
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