Samsung joins Apple to share global revenue pain

Sam Kim Samsung Electronics’ quarterly profit and revenue missed estimates on sputtering demand for memory chips during the last three months of 2018, the same period when Apple saw anemic sales in China.

Samsung Electronics’ quarterly profit and revenue missed estimates on sputtering demand for memory chips during the last three months of 2018, the same period when Apple saw anemic sales in China.

The South Korean company’s operating income fell to 10.8 trillion won (€8.4bn) in the quarter that ended in December, according to preliminary results, falling short of the 13.8 tn-won average of analysts’ estimates.