<h4>Samsung Suffers Loss</h4>
<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a> </strong>has gathered that South Korean technology company ,Samsung Electronics , on Friday, said that its operating profit likely fell more than 30% in the third quarter.<br />
The company added that an unusually high inflation has squeezed global demand for semiconductors, smartphones and home appliances.<br />
There is also an all-time low chip demands.<br />
In issuing earnings guidance, the South Korean company forecast that its operating profit declined 31.7% to 10.8 trillion and won ($7.7 billion) for the three months through September from the same period last year.<br />
It estimates that its revenue, which rose by 2.7% to 76 trillion won during the same period.<br />
Samsung Electronics is a South Korean multinational electronics <a href="https://punchng.com/">corporation headquartered in Yeongtong-gu, Suwon</a>.<br />
It was founded by Lee Byung-chul in 1938 as a trading company. Over the next three decades, the group diversified into areas including food processing.</p>
<p><strong>Source: Nikkei</strong></p>

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