Following Apple's footsteps, Samsung revises Q4 guidance as being way below market expectations

It seems Apple is not the only smartphone giant affected by economic slowdown and increased competition. Samsung recently advised that it, too, will miss its calendar Q4 (fiscal Q1) guidance by a significant $5 billion to $9 billion.

This announcement will result in a drop in revenue and profits. While this is alarming for Samsung, it isn't as dramatic as what Apple is facing since Samsung makes profit off a wider variety of products and not just smartphones and their associated peripherals and services.

Still, the entire industry is hurting from fewer smartphone shipments, Samsung makes a lot of the displays, storage and components used by other brands so it is taking losses from various areas of its business. Hit jump for details. 

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LG announces $244 million Q4 loss, blames it on poor LG G5 sales

LG's gambit of creating an entirely new flagship smartphone, the LG G5, and make it a modular device together with various "Friends" accessories, including a 360' camera, a camera grip, speakers and other add ons. While I had the chance to test a pre-production LG G5, and liked its dual-camera array, I worried that the modular connectivity (which requires the removal of bottom part which secures the battery, was not ideal.

It seems the LG G5 sold very poorly, despite being heavily promoted. Unfortunately, this didn't help at all as consumers seemed to have ignored the LG G5. LG has a windows of opportunity at Mobile World Congress since Samsung has opted to drop out of the event and release the Galaxy S8 in a separate event. This means  LG can make moves and capture attention for its next flagship.

Source: 9to5Google