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Samsung and Apple ruled in the third quarter of 2018. But the last page of this story did not bring a year end as prolific and smiling to the two tech giants.
The South Korean company warns
This alarming decline is probably due to the deterioration of the Chinese economy, which induces a weak demand for memory, badociated with a mediocre market for
The company comes from Announce its forecast for the last quarter of 2018, with a decline in profit estimated at 29%.
In a standard document, Samsung estimated sales at 59,000 billion – something in the conversion house of 193.2 billion R $ in currency – during the third quarter This represents a decrease of 9.87% from 65.46 billion won (R $
Mark Newman, Managing Director of investment firm Sanford C. Bernstein, explained the situation :
This is accompanied by some 24 months of very aggressive growth, so suddenly, the biggest tech companies, such as Amazon, Microsoft and Google, realized that they already had enough memory for their data centers and have simply stopped buying.
Samsung has also not gained relevance in cell division, but
Analysts have previously indicated that the mobile phone market stabilized and that, in this area, projects are becoming more and more homogeneous, so that people may have no particular loyalty.
The company is also affected by the problems of the Chinese economy. Although it controls less than 1% of the Chinese mobile phone market against 9% of Apple, many smartphone manufacturers use its memory and its processors in this country.
Samsung's unhelpful news comes shortly after the fall is estimated. Apple has achieved a turnover of $ 84 billion against $ 89 billion and $ 93 billion previously.
CEO Tim Cook mainly blamed iPhone sales in China. this represented " all of our income deficits to guide us and far more than the decline in revenue from one fiscal year to the next ."
Moreover, Samsung does not generally explain the details behind its estimates. but rather expects full disclosure of the results.
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