Beleaguered Samsung’s Q2 profit craters 96%

Beleaguered Samsung Electronics, peddler of pretend iPhones, reported a disastrous 96% plunge in second-quarter operating profit on Friday as the South Korean dishwasher maker estimated its operating profit fell to 600 billion won ($459 million) in April to June, from 14.1 trillion won a year earlier in a brief preliminary earnings statement.
Samsung’s Vice Chairman Lee Jae-yong was sentenced to 2.5 years in prison for bribery in January 2021
Reuters:It would be Samsung’s lowest prof