Samsung delivers latest tech shock

Samsung's quarterly profit and revenue missed estimates due to weak demand for memory chips during the last three months of 2018, the same period when rival Apple saw anaemic sales in China

8th January, 2019
Samsung flies flag for affordable 5G. Pic: Getty

The South Korean company’s operating income fell to 10.8 trillion won ($9.6 billion) in the quarter that ended in December, according to preliminary results released on Tuesday, falling short of the 13.8 trillion won average of analysts’ estimates compiled by Bloomberg.

Deteriorating relations between the US and China — Samsung’s two biggest export destinations — have hit demand for memory used in everything from personal computers to mobile devices, raising the pressure on a company...

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