Samsung Profit Slips as Coronavirus Hurts Phone, Gadget Demand

Samsung Electronics reported its preliminary earnings, highlighting strong demand for server chips due to increased remote work and cloud computing. However, the company faces challenges in its display and mobile sectors, with uncertainties expected to persist into 2021. Despite the Cosby index rallying, Samsung's stock has not rebounded significantly, reflecting investor concerns over its reliance on the mobile business and stagnant demand in other sectors.

What was a key factor driving the demand for Samsung's server chips?

• Remote work and cloud computing

• Government contracts

• New smartphone releases

• Increased gaming activities

Which sector of Samsung posted an operating loss due to stagnant demand?

• OLED screens

• Server chips

• Memory chips

• Home appliances

What is a major concern for investors regarding Samsung's business outlook?

• Over-reliance on the mobile business

• Excessive investment in new technologies

• High employee turnover

• Lack of new product launches

How did Samsung's stock perform compared to the Cosby index?

• It underperformed the Cosby index

• It remained stable

• It outperformed the Cosby index

• It was unaffected by market trends

What percentage did Samsung's shares decline since their January peak?

• 40%

• 30%

• 20%

• 10%