Samsung Q4 guidance shocks: Profit 18% less than the market expected

Samsung Q4 guidance shocks: Profit 18% less than the market expected

Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment.

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Samsung Electronics said on Tuesday that its fourth-quarter earnings likely decreased sharply due to lackluster demand in its memory chip business as well growing competition in the smartphone segment.