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Falling LCD prices batter Samsung profits

April 18th, 2006 · No Comments

Samsung logo with LCD TVs

The falling price of s has bruised the normally bullish Samsung Electronics. The company has posted its lowest operating profit since autumn 2004. Sales have fallen 10 percent to 13.96 trillion won, from 15.52 trillion the previous quarter. Net profit is down by 27 percent. The Korean CE giant blames the rapid price erosion of LCD panels and flash memory, as well as the won – dollar exchange rate.

Tags: LCD TV · Trade

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