Today was supposed to be Samsung’s day to shine as part of CES 2019, with the South Korea-based tech giant offering up a slew of announcements and product unveilings. Even so, the company still had some bad news to share — news that definitely got overshadowed by the rest of what was on the docket for today. We’re talking about the company’s lowering of its fourth quarter earnings guidance today ahead of reporting results for the quarter later this month.
This would represent Samsung’s first quarterly operating loss in two years, thanks in part to an economic slowdown in China that’s drying up interest in Samsung’s handsets there. Samsung also blamed its lowered guidance on falling demand related to its memory chip business — which means, worryingly, the company is getting hit on multiple fronts simultaneously.
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Samsung follows Apple in forecasting a quarterly revenue decline, thanks in part to China originally appeared on BGR.com on Mon, 7 Jan 2019 at 19:32:18 EDT. Please see our terms for use of feeds.
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