Samsung Announces Lower Profit in Earnings Guidance

Samsung Announces Lower Profit in Earnings Guidance

5 years ago
Anonymous $L9wC17otzH

https://wccftech.com/samsung-announces-lower-profit-in-earnings-guidance/

Samsung Electronics (KRX:005930) Announced on January 8th they will miss their estimated earnings for Q4 in their latest earnings guidance.

A week ago Apple (NASDAQ:AAPL) announced that they had lowered their guidance for Q1 earnings citing weaker demand for smartphones than anticipated among other factors that contributed to lower than expected profits. LG Electronics Inc. (KRX:066570) has also noted that demand is lower than anticipated and lowered their guidance for Q4 2018 as well. Samsung is suffering from the same conditions as Apple and LG with their mobile division seeing weakened international demand.