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Slowing smartphone sales and low demand for DRAM and NAND memory have taken their toll on Samsung.
The chaebol issued earnings guidance for the first calendar quarter of 2019 this morning.
Samsung - Operating - Profit - Quarter - March
Samsung has now forecast operating profit for the quarter ended 31 March of 6.2 trillion Korean won ($5.5bn) – a massive 60 per cent year-on-year drop from the 15.64 trillion won of Q1 2018 (PDF).
Analysts have noted that the predicted operating profit would be Sammy's lowest since the 5.2 trillion Korean won it reported in Q3 of 2016, in the wake of the firm's recall of its fiery Galaxy Note 7 handsets.
Vendor - Quarter - Sales - Cent
The vendor also expects consolidated first 2019 quarter sales of 52 trillion Korean won ($45.7bn). That's down 14 per cent...
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