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Samsung Electronics issued a notice in which it forecast an 11% drop in revenues for the last quarter of 2018 compared to last year, also indicating a 29% decline in operating profit. investor expectations, Samsung reveals to have a quarterly turnover of around 45.8 billion euros and a profit of 8.3 billion euros, well below expectations shareholders. As justification, Samsung invokes "intense competition in the smartphone market" which has led the company to bet more on marketing.
Still, The Verge notes that Samsung seems "excited" with 2019 and with the arrival of smartphones Thanks to foldable devices and 5G, investors remain confident in the success of the company.
It should be noted that Samsung is not the only major smartphone maker to have seen a decline in its sales. Apple also
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