Samsung is hoping to revive flagging growth in its mobile business with its new foldable phone.
Revenue fell 13.5%, also in line with its earlier estimates.
Samsung is hoping to revive flagging growth in its mobile business with its latest handset, featuring a big, bending screen.SEOUL - Samsung Electronics posted a 60 percent drop in first-quarter operating profit on Tuesday, hit by falls in chip prices and slowing demand for display panels. The world's top maker of smartphones said its mobile business posted a 40 percent drop in operating profit to 2.3 trillion won.
But in a blow to its renewed focus on innovation, Samsung delayed global sales of its upcoming foldable phone after several reviewers discovered problems with the display.
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