Slowdown in China is also impacting Samsung

For the first time in two years, Samsung is expected to report a drop in quarterly operating profits when the company reports its fiscal fourth quarter results on January 8th. According to Reuters, data from the Institutional Brokers’ Estimate System (IBES) shows that Samsung is expected to announce a 12% drop in year-over-year operating profits to the equivalent of $11.85 billion USD. Revenue will be 5% lower due to lower shipments of memory chips.
Like Apple, which announced last week that it was lowering its revenue guidance for the fiscal first quarter that ended …

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