Samsung Elec forecasts weaker 2019 earnings on slowing chip demand

SEOUL (Reuters) - Samsung Electronics Co Ltd warned of weaker earnings in 2019 as it posted a 29 percent drop in fourth-quarter operating profit on Thursday, hit by a slowdown in demand for memory chips. The global market leader in computer chips and smartphones said in a statement it expected "overall annual earnings to decline" this year, although sales of memory products and OLED panels would begin to revive in the second half. Operating profit was 10.8 trillion won ($9.7 billion) in the fourth quarter, in line with its estimates earlier this month

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