Samsung Profit Slips as Coronavirus Hurts Phone, Gadget Demand

Samsung Profit Slips as Coronavirus Hurts Phone, Gadget Demand

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Business

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Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the operating loss reported by Samsung's display business?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What has been the trend in Samsung's stock performance since January 20th?

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