samsung

Samsung profit drops 56% in second quarter

Samsung stock dropped on Wednesday after the world's biggest smartphone maker reported a 56% fall in its operating profit for the second quarter, citing price declines in its memory chip business.

Samsung operating profit plunges

Samsung's operating profit plunged 60% in the first quarter, as the South Korean technology company grapples with the delayed launch of its troubled Galaxy Fold phone and waning demand for its memory chips.