When Samsung reported its dismaying 52% plunge in third-quarter profit in recent days, the company — which is the largest producer of memory chips in the world — blamed the result on weakness in the market for memory chips. For Samsung, that weakness was part and parcel of the long, strange year that 2019 has been, which has included the US ban of Huawei products — prompting Huawei to (you guessed it) stock up on chips to fuel its own aggressive smartphone ambitions.
For Samsung, meanwhile, the quarter’s result was one more unfortunate reality to tally up among many others this year, with 2019 having produced a long string of embarrassing and regrettable gaffes and other bad headlines for the South Korea-based tech giant.
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From the Galaxy Fold to a satellite crash-landing, Samsung’s had a godawful year originally appeared on BGR.com on Sun, 3 Nov 2019 at 14:08:25 EDT. Please see our terms for use of feeds.
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