View Post

Samsung 2Q Earnings In — Profits Down More than 50 Percent

In Technology News by Daniel NewmanLeave a Comment

Samsung 2Q earnings are in. While profits are down more than 50%, I still believe that Samsung is well-positioned for a bounce back as memory numbers stabilize. I also think it is important to note that despite the street’s outspoken criticism of the company’s performance, they did still make a profit of over 6.5 trillion Korean won (5.3 Billion USD), slightly better than an industry estimate of 6 trillion won.