Samsung Electronics posted its earnings estimate for Q3 2024 and revealed profit will be 10% less than previously expected. The major reason is an unexpected delay in the AI chip business from an unnamed major customer, but the company didn’t elaborate further.
Samsung revealed that earnings in the mobile division improved from the preceding quarter, which is the period that saw the launch of Galaxy Z Fold6 and Galaxy Z Flip6 foldables. The display division also saw an increase as Apple launched its iPhones, most of which are with Samsung panels.
(all units in KRW / USD)
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