Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demand for its consumer electronics products and computer memory chips.
The company’s operating profit of 4.3 trillion won ($3.5 billion) for the three months through December fell 69% from a year earlier, representing its lowest quarterly profit since the third quarter of 2014. Revenue fell 8% to 70.46 trillion won ($57.2 billion).
