In the last quarter, Samsung's profits fell by 56 percent year-on-year, stopping at $ 5.6 billion, a result in line with the South Korean company's forecast at the beginning of July. This is the second consecutive quarter in which Samsung sees its profits more than halved (in the previous quarter it had lost 60 percent) and the third consecutive quarter in decline. As in the previous quarter, Samsung also motivated the decline in profits with the lower demand for microchips and screens, which the company supplies to numerous smartphone manufacturers and which constitute its main source of profits. Samsung also cited, among the causes, the tensions between the United States and China and a dispute with Japan which, starting from July 4, decided to limit the export to South Korea of materials used for the production of displays and chips for smartphones.
