Samsung’s profits decline for 4th straight quarter on uneven chip demand

Samsung Electronics Co. posted its fourth straight quarter of profit decline in the holiday quarter, after a long-awaited recovery in chip and electronics demand delivered few returns for the world’s biggest memory maker.

South Korea’s most valuable company said net income fell 74 per cent in the last three months of the year to 6.02 trillion won ($4.5 billion), after its mainstay chip operations posted a loss of 2.18 trillion won — bigger than what analysts projected.