Samsung Electronics first-quarter profit falls 60 percent on-year as weak chip prices bite

SEOUL (Reuters) - Samsung Electronics Co Ltd posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels. Operating profit was 6.2 trillion won ($5.4 billion) in the January-March quarter, in line with the 6.2 trillion won the company had estimated earlier this month

The post Samsung Electronics first-quarter profit falls 60 percent on-year as weak chip prices bite appeared first on Firstpost.