Samsung has reported its first ever quarterly loss as theslump in demand impacted demand for hardware and components.
The loss of $662m for the last three months of the year, itsfiscal fourth quarter, was the first the company had ever announced andcompared to a strong and profitable position a year earlier.
Sales for the quarter dropped by 4%, gross profit marginsfell by 19% and the figures were dragged down by the chip unit, which saw a 31%profit margin turn into a 14% margin loss.
The vendor also warned that there were oversupply issues inthe memory market that would continue until the mid point of the year.
Looking forward Samsung stated that it expected the secondhalf of the year to recover across most of its product lines as marketconditions improved and seasonal spending kicked in.