Samsung Electronics Co

SEOUL, South Korea | Samsung Electronics misses forecast on lower phone sales

SEOUL, South Korea — Samsung Electronics Co. reported a lower-than-expected gain in the second-quarter earnings Tuesday, indicating an end to its streak of record-breaking financial results as sales of smartphones and display panels slowed while memory chip profit stabilized. The South Korean tech giant said that its April-June net income stood at 10.98 trillion won … Continue reading SEOUL, South Korea | Samsung Electronics misses forecast on lower phone sales

Global stock markets sink, slammed by tech losses

SEOUL, South Korea/March 28, 2018 (AP)(STL.News) —Shares fell in Europe and Asia on Wednesday as tech stocks extended losses following sell-offs of their U.S. peers overnight. Investors are selling technology-related shares on concern governments might tighten scrutiny over Facebook after it was revealed that users’ data was shared with a consulting firm affiliated with President … Continue reading Global stock markets sink, slammed by tech losses

Asian stocks hit by tech losses

SEOUL, South Korea /March 27, 2018 (AP)(STL.News) — Asian stock markets were in the red Wednesday as tech stocks extended losses following sell-offs of their U.S. peers overnight. Investors are selling technology-related shares on concern governments might tighten their scrutiny over Facebook after it was revealed that users’ data was shared with a consulting firm … Continue reading Asian stocks hit by tech losses