Tuesday
Jan082019
Following Apple's footsteps, Samsung revises Q4 guidance as being way below market expectations
Tuesday, January 8, 2019 at 9:34AM 
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.