Samsung says that the results of the first quarter may be worse than expected


South Korean company Samsung Electronics warned about lower than expected financial results for the first quarter of this year, which was caused by weakening sales of memory chips and displays especially. According to the 2018 report, it was good sales of electronic components that accounted for 79% of its operating profit, although the company is the world's largest smartphone maker. Leading manufacturers of memory chips reduce their sales against the background of a lack of results in resolving trade disputes between the United States and China, as well as due to signals of a slowdown in economic growth in China. Samsung's announcement of a deterioration in earnings forecast for the first quarter was the reason for the decline in its shares by 0.55% on Tuesday after their value fell 2.3% on Monday.

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