Samsung Hit by Weak Demand in Key Products as It Prepares to Launch New Galaxy Flagship PhonesSamsung Hit by Weak Demand in Key Products as It Prepares to Launch New Galaxy Flagship Phones

The world’s biggest smartphone maker, Samsung Electronics, reported a slump in fourth-quarter net profits on Thursday, blaming weakening demand in key products and falling chip prices. Net profits in the October-to-December period were KRW 5.23 trillion ($4.4 billion), down 38 percent from a year ago, it said in a statement. ‘Fourth-quarter