Justin Denison, senior vice president of product strategy and marketing for Samsung Electronics America Inc., speaks during the Samsung Developers Conference in San Francisco, California, U.S. (Photographer: David Paul Morris/Bloomberg)

Samsung Profit Halves as Downturn Wallops Chips and Smartphones

Jul 04 2019, 11:46 PMJul 05 2019, 2:29 AMJuly 04 2019, 11:46 PMJuly 05 2019, 2:29 AM

(Bloomberg) -- Samsung Electronics Co.’s quarterly profit more than halved after a global industry downturn and trade tensions hammered demand for its chips and high-end smartphones.