Samsung has reported its earnings for Q4 2018, in which the company has made operating profit of 10.80 trillion won ($9.7 billion), down 28.7% YoY, as expected, for the October to December 2018 period. This due to drop in demand for memory chips used in data centers and smartphones. “The System LSI and Foundry businesses also saw profits decline due to weak seasonality,” added Samsung. It reported revenue of 59.27 trillion won, down 10% YoY from 65.98 trillion won last year. Continue reading “Samsung profits down 28.7% YoY in Q4 2018 on weak chip and phone sales”