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

Sharing is Caring!
  • 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).
  • That was 28.71 percent down from a year ago and 18.18 percent less than the 13.2 trillion won analysts had predicted.
See also  Earnings, Multiples, & Untold Truths About Forward Valuations
See also  US House Price Growth = 4x Average Hourly Earnings (Price Growth Will Be Forced To Slow Down)


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.