[Photo] Samsung Electronics projects weak earnings for 1st quarter of 2019

Samsung Electronics announced on Mar. 26 that its earnings for the first quarter of 2019 will likely fail to reach initial projections. Instances of Samsung publicly announcing weak earnings before the fact are incredibly rare. The company cited weak sales for memory chips and display products as the main reason for slumping earnings. Since memory chips are a smartphone component, dipping memory chips sales can be traced to a slowing global demand for smartphone products. Display revenue was attributed to increased competitiveness from Chinese firms. (joint photo pool)