The big question is this: how will a recession impact on the internet and mobile. I have a crazy feeling it will cull off the old world non-digital competitors once and for all.
"Overall, our third-quarter earnings were impacted by the worsening market conditions resulting from the slowdown in the global economy," Samsung executive Chu Woo-sik told analysts on a conference call. "Moreover, our DRAM, NAND and LCD businesses all faced steep price declines led by persistent oversupply in the industry," Chu added.
In a statement, Samsung said that despite the sharp price drops for chips, its semiconductor business still made money. It said this made Samsung "the only major player in the memory industry worldwide that remains profitable in a significant industry downturn." A bright spot for Samsung continued to be mobile phones. The company said it sold 51.8 million handsets in the period, a quarterly record.
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clipped from biz.yahoo.com
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