Samsung Pulls An Apple And Puts Out A Warning About Future Financial Results

It seems that Apple isn’t the only company who is ringing alarm bells. Their chief competitor in the smartphone space which is Samsung has put out a warning of their own in regards to future financial results.

In its earnings guidance for Q4 2018, Samsung said it expected sales to be down roughly 11 percent year over year to about $52.5 billion USD. That’s about $3 billion less than what the analyst community was expecting. The reason for this is simple. Samsung is looking at weaker than expected demand for memory chips due to China/US trade tensions. And I am guessing that Apple who is known to buy chips from Samsung is not buying as many because of their issues.

I wonder how many more companies are going to put out statements like this?

 

 

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