Samsung is feeling the chill from cooling global demand for smartphones.The South Korean technology giant said Friday that it expects operating profit for the first quarter to plunge by 60% compared to the same period year ago.Samsung (SSNLF) warned last week that its earnings would be hit by slowing demand for memory chips and display panels, a sign that… Read more »
Posts Categorized: Smartphone
Xiaomi Shows Off Scorching Growth Ahead of $10 Billion IPO
Xiaomi Corp., going for wow-factor ahead of what could be the largest initial public offering since 2014, has revealed a blistering pace of growth that’ll help it take on Apple and Samsung in global smartphones. The Chinese smartphone maker filed for an IPO in Hong Kong Thursday, kicking off a process that’s expected to raise at least… Read more »
Recent Comments