Samsung Electronics Announces Expected Q4 Profit To Decline 29 Percent

NEW YORK, NEW YORK - JANUARY 08: A Samsung storefront is seen in Manhattan on January 08, 2019 in New York City. As demand falls for its memory chips and smartphones, Samsung Electronics cut its guidance for fourth-quarter profits on Tuesday and said that it expects to see an operating profit of $9.7 billion, which is down nearly 29 percent from last year. The world’s biggest smartphone maker is experiencing some of the same issues as Apple as China experiences an economic slowdown that is partly impacted by the Trump-led trade war. (Photo by Spencer Platt/Getty Images)