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Samsung expects major declines in profits in mobile
Samsung Electronics has announced its financial results for the fourth quarter that ended December 31, 2019. Its operating profit is down year-over-year.
Samsung Electronics has posted its financial results for the fourth quarter ended December 31, 2019. The company posted KRW 59.88 trillion ($50.54 billion) in consolidated quarterly revenue and KRW 7.16 trillion ($6.04 billion) in quarterly operating profit. For the entire year, it reported KRW 230.40 trillion ($194.43 billion) in revenue and KRW 27.77 trillion ($23.43 billion) in operating profit.