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…