Earnings Samsung Electronics hit with quarterly profit slump Updated : April 30, 2019 03:04 PM IST The result is the latest bad news for the tech titan, which last week was forced to delay the release of its much-hyped $2,000 foldable smartphone owing to problems with the screen. Net profits in the January-March period were 5.04 trillion won ($4.3 billion) -- the lowest since the third quarter of 2016 and down 56.9 per cent year-on-year. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.