Samsung Issues Profit Warning | Light Reading

Apple’s not the only one suffering a slowdown.

Samsung and Apple have a lot in common these days. Shortly after announcing their content tie-up at the CES show, the South Korean tech giant followed in the iPhone maker’s footsteps by issuing a profit warning. (See Apple’s Walls Come Tumbling Down With Samsung TV Tie-Up.)

Apple Inc. (Nasdaq: AAPL) shocked the market last week when it lowered its guidance for the final three months of 2018, citing weak demand for its iPhones in China as a chief author of its woes. (See Apple Delivers Post-Holiday Turkey, Lowers Revenue GuidanceiPhone Upset Leads to Apple Crumble and Apple Really Is in Trouble This Time.)

Source: Samsung Issues Profit Warning | Light Reading