Samsung expects profit to halve as tariffs and export curbs bite | Euronews Newsletter Events Loader Newsletter Events Loader Loader Search

Sanatate

ADVERTISEMENT A new forecast from the memory chip and smartphone maker Samsung Electronics fell significantly short of market expectations in the second quarter this year. The warnings arrive as trade tariffs and US restrictions on China continue to take a toll on the South Korean tech giant. Operating profit is expected to be approximately 4.6 trillion Korean won (€2.86 bn), 56% less than the 10.44tn won Samsung reported a year ago. The firm forecasts its sales revenue to be around 74tn Korean