samsung to miss market expectations in q1 2019

As the first quarter of 2019 draws to an end Samsung delivered a warning to investors about lower-than-expected demand for chip sales and display panels. The component market is in a steady decline and Korean sources claim that instead of the earlier estimated KRW7.981 trillion, profit will be under KRW7 trillion, which is half the KRW15.6 trillion profit from twelve months ago.

The display and chip market accounts for over 3/4 of the total revenue for Samsung Electronics. Competitors are providing better prices for LTPS LCDs, pushing manufacturers to ditch the OLED solution. The…