Samsung had a smashing 2018 performance with multiple record-breaking quarters, mostly thanks to a boom in memory chips demand. Now the effect is wearing off and the Q4 guidance, posted by the Korean company is quite disappointing. In a short press release, Samsung said the expected consolidated sales are approximately KRW59 trillion, while the operating profit should be around KRW10.8 trillion. These numbers are down respectively 38% and 10% from the previous quarter, while on a yearly basis, sales declined 28% and profit is down 10%. The company traditionally posts full...
Source: https://www.gsmarena.com/samsung_posts_troublesome_q4_guidance_profit_goes_down_38-news-34977.php
