Hong Kong CNN —
Samsung posted its fourth straight quarter of slumping profits on Wednesday, capping off a dismal year that also saw it lose its crown as the world’s top smartphone maker.
The South Korean tech giant posted a 35% drop in profit on Wednesday, in a sign of how demand for consumer devices and the chips that power them continue to remain sluggish.
The company said its operating profits declined to 2.8 trillion won (almost $2.1 billion) in the December quarter, compared with 4.3 trillion won ($3.5 billion) a year earlier, and roughly in
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