Samsung Electronics on Tuesday said it expects its quarterly operating profit to fall almost 29 percent lower than the year-ago period, just one week after Apple rocked markets with its lower-than-expected revenue for the critical holiday sales period.
For October-December, Samsung estimated operating profit of 10.8 trillion won ($9.67 billion), missing the 13.2 trillion won average of 26 analyst estimates in an I/B/E/S Refinitiv poll.
These announcements come after Apple CEO Tim Cook sent a letter to investors last week cautioning them not to expect strong first quarter earnings since the company had sold fewer iPhone upgrades than expected, citing its Chinese market in particular, as well as "some developed markets".
"We expect earnings to remain subdued in the first quarter of 2019 due to hard conditions for the memory business", the South Korean tech giant said in a statement. Prices for 128 gigabit MLC NAND flash memory chips fell about 3.4 percent.
Samsung, the biggest manufacturer of smartphones and semiconductors in the world, stated that its forecast profit decline was due to increasing macro uncertainties.
Following a rare disappointing second quarter of 2018, Samsung returned to record profits in Q3 a year ago. The wider market was up 0.1 percent rise.
Samsung's sales for the fourth quarter, ended December 31, fell to 59tn won, compared with the 63.6tn won average projection compiled by Bloomberg.
Analysts are saying that Samsung may have to reduce its chip production capacity if it is to achieve a recovery in the second half considering the pressure the company and its smaller rival SK hynix face to cut chip prices.
Jia said the company should make more efforts in strengthening brand building, as well as expanding offline and online retail channels.
Roger Sheng, research director at consultancy Gartner Inc, said Samsung should design tailor-made smartphones for Chinese consumers and strengthen cooperation with local content providers to offer products that capture the attention of the younger generation.
"Samsung has already begun to take steps to deal with demand and supply imbalance by shifting some manufacturing lines away from memory into alternative areas". This was the fourth consecutive quarter of declines for the global smartphone market. Kwon Gye-hyun, president of Samsung ElectronicsChina operations, said innovative and cutting-edge technologies will be deployed in Samsung's midrange smartphones.
Nokia 8 Sirocco users using Android 9 Pie will enjoy improvements to their smartphone experience based on their daily phone use. Theres a regular fingerprint reader on the back too, solidifying the position of the Nokia 8-series as a premium mid-ranger.
For those who get a flu shot and still contract influenza , symptoms tend to be milder and not last as long, research has shown. Local health department contact information can be found here and information on flu vaccination clinics can be found here.
The incident, which allegedly took place in May 2018, was reported by Timothy Savage to Henry County police. "Please come forward. Foxx said that as a survivor of sexual assault herself, she was "sickened by the allegations.
Top-ranked Novak Djokovic and Simona Halep , as expected, have been given the No. 1 seedings for next week's Australian Open . Britain's Andy Murray will open his Australian Open campaign against Spain's 22nd seed Roberto Bautista Agut .
The new Mercedes-Benz CLA Class measures 48 mm longer, 53 mm wider and features improved interior space over the outgoing model. The company will introduce in over 10 new products, including an array of products from the performance brand AMG, this year.
After being dispelled by the Treasury Department, Lutes made a decision to keep his 1943-branded coin for his personal collection. PCGS CoinFacts, which offers information to all collectors of USA coins, estimates that there are only 10 to 15 such pennies.
According to ESPN's Jeff Darlington , Manning called Jets CEO Christopher Johnson to endorse Gase for the job. McCarthy interviewed with the Jets last weekend but declined the chance to interview with the Browns.
The Big Lead's PM Sports Roundup, which is now America's most eligible bachelor now that Tim Tebow is off the market. The 31-year-old former football star revealed via Instagram on Thursday that he's engaged to Demi-Leigh Nel-Peters.
Morgan, one of the most accurate shooters in the Big Ten at 67.6 percent from the field, but is shooting 4 of 12 at halftime. With that said, though, it would take an incredibly impressive performance by IN to pull out the upset win on the road.
San Carlos Apache officials said the woman was an enrolled member of the tribe, whose reservation is 134 miles east of Phoenix . Hacienda HealthCare has promised to work with authorities and welcomed planned DNA tests of employees.
Missing Wisconsin girl found alive
The following Wednesday, the deaths of James and Denise Closs were officially ruled as homicide by a medical examiner. A 13-year-old girl who has been missing since mid-October has been found alive , police in Wisconsin confirmed.
How to Watch Samsung Galaxy S10 Launch Live Stream
Cameras will be improved, too, with a new dual-lens selfie camera and potentially as many as four lenses at the rear. We can't say much more at the moment, but it's safe to say you can start getting excited.
JLR to "cut 5000 United Kingdom jobs"
United Kingdom new-car sales tumbled at their steepest annual rate since the financial crisis past year . India's Tata conglomerate bought JLR from Ford in 2008, saving the British carmaker from bankruptcy.
IBM launches world's first commercial quantum computer
The Q System One communicates with the outside world through classical computing equipment that runs alongside the qubits . Additionally, IBM also announced the opening of the new IBM Q Quantum Computation Center later in 2019.
Iran says it is holding U.S. Navy veteran in prison
A Department of State spokesperson told the BBC: "We are aware of reports of the detention of a USA citizen in Iran". Ghasemi denied allegations that White, who hails from Imperial Beach, California, has been mistreated in prison.