Samsung Electronics flags profit drop on weak chip demand

South Korea's Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary.

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South Korea's Samsung Electronics Co Ltd on Tuesday estimated a 29 percent drop in quarterly operating profit, its first decline in two years, as it flagged tough memory chip and mobile phone markets in a rare commentary.