Samsung’s chip windfall squeezes Galaxy margins

Analysts estimate Samsung Electronics' smartphone division suffered a sharp profit decline in the first quarter, caught on the wrong side of the memory chip boom that powered the company to its largest quarterly earnings on record. A consensus of eight brokerages, including Heungkuk Securities, Shinhan Investment and KB Securities, projects the mobile experience and networks division earned roughly 2.5 trillion won ($1.7 billion) in operating profit during the January-March period. If accurate,

By The Korea Herald