Samsung Q1 results expected to “fall short of market expectations”
Electronics giant Samsung has anticipated its upcoming Q1 2019 results will be below market expectations due to difficult business conditions.
In a forward-looking statement released this morning (March 26), the global company has indicated that it expects reported earnings for the first quarter of this year to “fall short of market expectations”.
The company attributes this performance to difficult market conditions, including larger price declines than anticipated, weak seasonality and strong competition with LTPS LCD display panels.
In response to the anticipated results, Samsung explained: “To overcome difficult business conditions, the company will strengthen product differentiation based on its technological leadership while also enhancing cost competitiveness via efficient resource management.”
“In the mid to long term, we will continue efforts to strengthen key capabilities by boosting competitiveness of our major businesses while securing sustained growth via strategic investments in R&D, new businesses, etc.”
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