Samsung Reports 8% Dip in Profits for Q4 2006

Samsung Logo

Samsung profits fell 8 percent to $2.5 billion in Q4 2006, mostly due to price dips for NAND flash and LCD screens. Bad as it may seem, the result was actually slightly better than anticipated. Samsung sales rose 1.1 percent to just under $17 billion for the October to December period.

Falling chip prices burdened the company’s finances. The average selling price for its NAND flash memory chips declined 19 percent in the fourth quarter from the third.

Samsung has grown to be the world’s largest memory chip maker and a top producer of consumer electronics such as flat-screen televisions, mobile phone handsets, MP3 players and laptop computers.

[Via: The York Dispatch]

Chris Malinao

About Chris Malinao

Chris teaches Lightroom as workflow software to photography students at the FPPF, Federation of Philippine Photographers Foundation. He also teaches smartphone photography.

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