News / Stock

Samsung. Profits fell 29% in the fourth quarter. Alphie is pessimistic about the stock

Jan 8, 2019 - 11:04 UTC

After Apple, also Samsung has decreased the forecasts for the last quarter of 2018, with a fall of 28.7% compared to the same period of the previous year. It seems that the entire smartphone industry is slowing down, with companies, especially the Chinese ones, that compete with the biggest producers. In addition to the high level of competition, Samsung has attributed the decline in revenues to the reduction in demand of memory chips, one of its most profitable sectors, and to the reduction in smartphones’ sales. Samsung does not expect significant improvements in the first few months of 2019 but…

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