Samsung faces 60 percent drop in profits, still plans foldable phones

Engadget ---------- A few weeks ago, Samsung warned investors that its Q1 profit would drop about 60 percent from the same period in 2018. Now the detailed report has arrived, confirming that projection with an operating profit of $5.4 billion that reflected a 23 percent drop in revenue from its memory chip business. Samsung also suffered smaller drops in the mobile and consumer electronics divisions. To learn more click on the picture below to read the article.