07 Apr '11, 5am

Remember Samsung, Apple's chief iOS competitor? "Q1 profit tumbles to near 2-year low"

Remember Samsung, Apple's chief iOS competitor? "Q1 profit tumbles to near 2-year low"

Companies: Apple Inc. Topics: Earnings A visitor walks past the Samsung booth at the GSMA Mobile World Congress in Barcelona February 16, 2011. REUTERS/Gustau Nacarino/Files Related Quotes Symbol Price Change AAPL 338.04 -0.85 {"s" : "aapl","k" : "a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00","o" : "","j" : ""} On Thursday 7 April 2011, 13:14 SGT By Miyoung Kim SEOUL (Reuters) - Profits at Samsung Electronics are set to rebound on a recovery in the memory chip market after operating profit fell to its lowest level in almost two years in the first quarter on tumbling flat screen and TV prices. While the outlook for the world's top maker of memory chips and flat screens will improve in the second quarter, the South Korean firm faces fierce competition for its smartphone and tablet PCs from the likes of Apple Inc. "The memory chip sector will lead Samsung Electronics' earnings...

Full article: http://sg.finance.yahoo.com/news/Samsung-Q1-profit-tumble...

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