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Samsung could be heading for a 50 percent profit drop
Samsung's earnings guidance for the third quarter of 2019 shows that things haven't significantly improved for the tech giant over the past months. The Korean conglomerate expects another profit slump for the three-month period that ended in September: in particular, it believes it will post an operating profit of around 7.7 trillion Korean won (US$6.44 billion). That's higher than the 6.6 trillion won (US$5.5 billion) profit Samsung made in the second quarter, but it's also down 56 percent from the same period in 2018 when the company made 17.57 trillion won (US$14.7 billion) in profit.
