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Samsung is seeing the same hit out of China. Jan 8 "Samsung said fourth quarter profits would likely come in at around 10.8 trillion Korean won ($9.67 billion)
by adventured 8y ago
Samsung is seeing the same hit out of China.
Jan 8 "Samsung said fourth quarter profits would likely come in at around 10.8 trillion Korean won ($9.67 billion), well shy of the market consensus of 13.2 trillion won, with sales falling 11% to 59 trillion won. Samsung only has a 1% share of the China handset market, compared to around 9% for Apple, but its chips and screens make their way into handsets made by Huawei Technologies, as well as Apple's iPhones, and that segment comprises a much larger portion of its operating profits"
https://www.thestreet.com/investing/stocks/apple-v-samsung-china-slowdown-hits-smartphone-giants-but-not-equally-14827288 https://www.thestreet.com/investing/stocks/apple-v-samsung-c...