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 detailed results in the last week of the month, following the quarter. The results might look tough, but back in October Samsung said this is expected and 2019 will probably bring more of the same as the demand for memory chips returns to its pre-2017 levels.
Reader comments
- Mazhar Ali
- uZa
Due Samsung now appointed non professional and non trust worthy employees .They are envolved in loot mar no any professional attitude .They are working for their own interest not sincere with company and no any mechanism to cross check these guys.
- this
- 2Am
this is bad. samsung didn't yet reach more than 50% market share and now its going down now
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