Samsung has announced its earnings guidance for the first quarter of 2019. The company is expecting a 60% drop in profit year over year.Sales for the quarter are expected to come in at between 51-53 trillion Korean won and profit is estimated at 6.1-6.3 trillion Korean won. That compares to sales of 60.56 trillion and profit of 15.64 trillion in the year ago quarter.
Last month Samsung warned investors that the quarter would disappoint due to dropping chip prices and slowing demand for display panels. "The company expects the scope of price declines in main memory chip products to be larger than expected."
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