Tech slowdown hurts Samsung - News Summed Up

Tech slowdown hurts Samsung


Samsung did not provide net income, which it is to do later this month when it releases final results. Apple receives memory chips and smartphone screens from Samsung and is the South Korean manufacturer’s biggest customer, according to data compiled by Bloomberg. Samsung said it expects earnings to remain subdued in the first three months of the year due to difficult conditions for memory. While Samsung still leads the world in smartphone sales, it is being squeezed by Chinese handset makers such as Huawei Technologies Co. Samsung’s liquid-crystal display televisions are facing increasing challenges from Chinese rivals that seek to crowd out South Korean products.


Source: Taipei Times January 08, 2019 15:56 UTC



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