Monday, January 7, 2019
Samsung Expecting Sharp Drop in Fourth Quarter Profits
Samsung today said in a regulatory filing that its earnings for the fourth quarter of 2018 have likely dropped sharply due to weak memory chip demand and growing competition in the smartphone business. As noted by Reuters, Samsung’s operating profit for the three months ending in December was at approximately at 10.8 trillion Korean won, aka $9.67 billion, well below the 13.2 trillion won 
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