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Samsung says fourth-quarter earnings likely fell sharply on weak memory demand

Samsung says fourth-quarter earnings likely fell sharply on weak memory demand

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2019/01/08/samsung-q4-guidance-.html

Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment.

The South Korean tech giant predicted operating profit for the three months ended December was approximately 10.8 trillion Korean won ($9.67 billion), which was below the 13.2 trillion won that analysts predicted, and a 38.5 percent drop from the previous quarter.