It also estimated a 11 per cent on-year revenue decline at 59 trillion won.
Samsung did not announce the net profit for the fourth quarter, nor the performances of respective business divisions. This is the first time they have commented on an earnings report since 2014.
That's down more than 10 percent in won terms from the same period in 2017. The tech-heavy Nasdaq Composite index has fallen 16 percent since setting a record high on August 30.
"Memory earnings fell significantly. due to weaker-than-expected demand amid inventory adjustments at data-centre customers, ' which led to a 'greater-than-expected" drop in chip prices, it said.
Sales of smartphones also slowed in the maturing market with promotion costs in the peak season cutting into its profitability, it noted.
CES 2019: AMD unveils 7nm gaming GPU, Radeon VII Meanwhile, last year's Ryzen 7 2700X scores 1754 points in the same test, so we are looking at a decent performance bump. In addition, AMD Radeon FreeSync2 HDR technology offers more than 2X better brightness and color volume compared to sRGB.
2nd suspect charged in Houston girl's death Based on a tip provided by King, the police apprehended Eric Black and Larry Woodruffe and charged them with the murder . Investigators said Jazmine was shot in the head December 30 when someone opened fire into her family's vehicle .
The firm has warned of lower profit until early 2019, citing a likely end to a two-year boom in memory chips that has fuelled record figures despite slowing demand for its handsets.
One reason for these results is lower demand for memory chips, due to worsening relations between USA and China as well as poor sales of Apple's iPhone, which uses Samsung chips.
Memory chips account for the biggest portion of Samsung's profit. "In the mid and long term, the supply and demand will be in balance as technical barriers and capital intensity will put pressure on the supply side". It also highlights the challenges that the technology sector is now facing. Samsung saw a 13.4 percent year-over-year decline in global smartphone shipments in the third quarter of 2018, according to International Data Corporation.
Analysts projected downbeat prospects for the world's largest chip and phone maker in 2019.
"It's a surprise", said analyst Lee Jae-yun at Yuanta Securities.
"The reality is that the semiconductor industry is still under a thick cloud with no clear outlook".
Samsung said a "stagnant and fiercely competitive" mobile market had weighed on earnings as marketing spend rose but smartphone sales volumes remained flat.
The flu is mainly affecting children and the over 65s, said HSE public health specialist Dr Kevin Kelleher. While Mema says it's close to being the peak of the flu season , it can stick around well into March.
Don Lutes, Jr., of Pittsfield, Massachusetts discovered a rare "copper" 1943 Lincoln Penny in his lunch money in 1947. Now, some 70 years later, the coin is being auctioned off . and the current highest bid is well over $100,000.
As well as the Galaxy S10 , many pundits are expecting Samsung to reveal more about the folding phone it announced past year . The next flagship phone in Samsung's long-running Galaxy series, the S10, is slated to break cover on February 20th.
Britain's Andy Murray will open his Australian Open campaign against Spain's 22nd seed Roberto Bautista Agut . For me it's just taking it day by day, doing the right things, taking even better care of my body.
Mayhew is an animal welfare charity which helps cats and dogs through community initiatives and veterinary care. Meghan is said to love the Cotswolds and their rented home because of the privacy it gives her and Harry.
The anti-government forces have been strongly supported by Turkey , and to a lesser extent by countries in the Arabian Peninsula. They include not just crushing the Kurds, but also becoming a major player in the fight to fill that country's power vacuum.
According to BFMTV news channel, the fund had been raised to about 120,000 euros (137,339 dollars) earlier on Tuesday. In other scenes that caused shock a former professional boxer was caught on camera beating up police officers.
The result, announced early on Thursday, means the first electoral transfer of power in 59 years of independence in the DRC. The delay in announcing results has led some Congolese to suspect possible manipulation in favor of the ruling party.
Astronomers detect radio signals from deep space
CHIME identified a fast radio burst with the lowest dispersion yet discovered, suggesting its source is the closest to Earth. The telescope has been in use for only a year, detecting 13 of the radio bursts nearly immediately, including the repeater.
Indiana Basketball: Hoosiers fall to MI 74-63
They joined No. 8 Michigan State as the two teams without a Big Ten loss four games into the 20-game conference schedule. Michigan: The Wolverines usually play just two players off the bench, but Johns may have earned more playing time.
The US Open row will not tarnish Serena’s legacy: Evert
Chris Evert has no doubt that history will only reflect well on Serena Williams , who is preparing for the Australian Open . It was an incident that overshadowed Naomi Osaka's maiden grand slam triumph and split opinion among fans and pundits alike.
Swinney, Clemson already looking to add another title
It was also just the seventh interception and second interception returned for a touchdown in Tagovailoa's career. During the 1985-1986 season, Holieway took over as starting quarterback after Troy Aikman's leg was broken.