Apple isn't the only tech industry behemoth dealing with a rough fourth quarter. Samsung has warned that its earnings likely dropped significantly during the last three months of 2018 due to both tougher competition in the smartphone space and mediocre demand for memory chips. Analysts were predicting sales equivalent to about $56.2 billion, but Samsung now expects 'just' $52.7 billion -- not a huge drop, but disappointing for a company used to growth. Accordingly, the Korean firm now expects profits around $9.7 billion versus the $11.8 billion observers thought they'd see.
Via: CNBC
Samsung is the next tech giant expecting a sharp earnings drop posted first on https://www.engadget.com
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