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Samsung Echoes Apple’s Gloomy Outlook as Tech Woes Get Worse
Samsung Echoes Apple’s Gloomy Outlook as Tech Woes Get Worse
South Korean tech giant expects fourth quarter operating profit will fall 29%
Apple’s China Problem Goes Deeper Than the iPhone
Tepid iPhone sales aren’t all that ail Apple in China. Competition from local smartphone rivals, trade-dispute fallout and a court battle could make 2019 a tough year for the company in its most important market outside the U.S. Photo composite: Crystal Tai.
SEOUL—Samsung Electronics Co. expects its fourth-quarter operating profit will decline 29%—surprise guidance that fell far below analysts’ estimates—in the latest sign of challenges hitting the tech industry.
The world’s largest maker of smartphones and semiconductors said its estimated profit decline comes “amid mounting macro uncertainties.” The Suwon, South Korea-based company pointed to “lackluster demand” for memory chips and “intensifying competition” in its handsets business…..More Here
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