• LG Elec sees 80 percent drop in fourth-quarter profit; analysts point to thinning TV margins

    5 monthes ago - By Reuters

    South Korea's LG Electronics Inc said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations.
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  • Samsung warns of Q4 profit drop, blames unexpectedly low semiconductor demand

    5 monthes ago - By Tech Crunch

    Apple isn't the only smartphone maker steeling itself for disappointing results. Samsung Electronics issued earnings guidance for the final quarter of 2018 today that not only marks its first quarterly profit decline in two years, but also fell far below analysts' expectations. The company attributed the drop to lower-than-expected demand for its memory chips, which in previous quarters had helped bolster its earnings even when its smartphone business was lackluster.
    Samsung Electronics said it expects consolidated operating profit of about 10.8 trillion won , a 28.7 percent drop from the...
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  • Samsung Elec says weak chip demand pushed Q4 profit well below market estimates

    5 monthes ago - By Reuters

    Samsung Electronics surprised the market on Tuesday with an estimated 29 percent drop in quarterly profit, blaming weak chip demand in a rare commentary issued to "ease confusion" among investors already fretting about a global tech slowdown.
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