The entire financial market went into economic crisis last week when it was discovered that Apple is most likely going to miss its Q4 estimated earnings by roughly $5 billion. Considerably, it seems like Samsung is also proceeding to cause some similar effects in coming times after announcing a significant plunge in Q4 revenue and revealing that the profits are way below than what the market had initially expected them to be.
Lately, it was covered by CNBC that Samsung has suffered a year-on-year revenue fall of 28.71%, and profits are down by about 18.18% in regards to the market expectations. Even so, it should be taken into consideration that this kind of groundbreaking news is most probably going to provoke a significant issue for the company as the market analysts were already expecting Q4 figures to be far below both Q2 as well as Q3.
Interestingly, since the intelligence about Q4 figures of Samsung came out in some of the major publications, there hasn’t been a major diminution in the company’s stock, as it is down by only 1.7%. Most of the major stock market analysts that are linked with the subject from the beginning are reportedly saying that the slowing chip demands have already been assumed into consideration by the investors.
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