{"id":6081,"date":"2019-01-08T02:40:27","date_gmt":"2019-01-08T02:40:27","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/samsung-warns-of-profit-drop-as-chip-demand-slows\/"},"modified":"2019-01-08T02:40:27","modified_gmt":"2019-01-08T02:40:27","slug":"samsung-warns-of-profit-drop-as-chip-demand-slows","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/samsung-warns-of-profit-drop-as-chip-demand-slows\/","title":{"rendered":"Samsung warns of profit drop as chip demand slows"},"content":{"rendered":"\n<div property=\"articleBody\">\n<figure class=\"media-landscape no-caption full-width lead\"><span class=\"image-and-copyright-container\"><\/p>\n<p>                <img loading=\"lazy\" decoding=\"async\" class=\"js-image-replace\" alt=\"Samsung Galaxy 9s phone seen in the store.\" src=\"https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/FB71\/production\/_105096346_gettyimages-1078415442.jpg\" width=\"976\" height=\"549\"\/><span class=\"off-screen\">Image copyright<\/span><br \/>\n                 <span class=\"story-image-copyright\">Getty Images<\/span><\/p>\n<p>            <\/span><\/p>\n<\/figure>\n<p class=\"story-body__introduction\">Samsung Electronics expects to post a 29% drop in quarterly operating profit as demand for smartphones and memory chips slows. <\/p>\n<p>The firm <a href=\"https:\/\/news.samsung.com\/global\/samsung-electronics-announces-earnings-guidance-for-4q-2018\" class=\"story-body__link-external\">forecasts operating earnings of 10.8 trillion Korean won<\/a> ($9.7bn; \u00a37.6bn) for the last three months of 2018. <\/p>\n<p>It marks the first quarterly profit drop in two years as strong demand for chips <a href=\"https:\/\/www.bbc.co.uk\/news\/business-45755285?intlink_from_url=https:\/\/www.bbc.co.uk\/news\/topics\/c50znx8v808t\/samsung&amp;link_location=live-reporting-story\" class=\"story-body__link\">had boosted earnings<\/a> at the firm.<\/p>\n<p>Samsung also faces fierce competition from Apple and Chinese rivals.<\/p>\n<p>In a statement on Tuesday, the firm cited lacklustre demand and rising competition for its darkening outlook. <\/p>\n<p>&#8220;We expect earnings to remain subdued in the first quarter of 2019 due to difficult conditions for the memory business,&#8221; the South Korean tech giant said in a statement. <\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\"><a href=\"https:\/\/www.bbc.co.uk\/news\/technology-46130071\" class=\"story-body__link\">Samsung&#8217;s folding smartphone revealed<\/a><\/li>\n<\/ul>\n<p>It forecasts revenue will decline 11% to 59 trillion won. <\/p>\n<p>Samsung will provide detailed earnings later this month. <\/p>\n<p>The firm had seen earnings surge in recent years largely due to strong appetite for memory chips in mobile devices. <\/p>\n<p>Slowing demand, including from China, is weighing on the wider sector. <\/p>\n<p>Last week, <a href=\"https:\/\/www.bbc.co.uk\/news\/business-46742871\" class=\"story-body__link\">Apple warned that its sales have been slowing<\/a>, blaming economic weakness in China.<\/p>\n<\/p><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.bbc.co.uk\/news\/business-46790073\">Source<\/a> by <a href=\"\">[author_name]<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Image copyright Getty Images Samsung Electronics expects to post a 29% drop in quarterly operating profit as demand for smartphones and memory chips slows. The firm forecasts operating earnings of 10.8 trillion Korean won ($9.7bn; \u00a37.6bn) for the last three months of 2018. It marks the first quarterly profit drop in two years as strong &hellip; <\/p>\n","protected":false},"author":0,"featured_media":6082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=6081"}],"version-history":[{"count":0,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/posts\/6081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media\/6082"}],"wp:attachment":[{"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=6081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=6081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.styledeals.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=6081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}