Samsung posts Q4 guidance, profit goes down 38% - Latest News Today, Breaking News, National News, World News, News Hindi, Tech News, Bollywood

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Tuesday, January 8, 2019

Samsung posts Q4 guidance, profit goes down 38%

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...



from GSMArena.com - Latest articles http://bit.ly/2C3vrSY

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