Tag Archives: in Warning of Gloomy 2016 for Technology

Samsung Joins Apple in Warning of Gloomy 2016 for Technology

Samsung Electronics warned of slowing demand and economic turbulence after its quarterly earnings missed analysts’ estimates, joining Apple in foretelling a downbeat 2016 for the technology sector. The Korean conglomerate, whose quarterly profit fell short of expectations by almost 40 percent, said the deteriorating global economy was eroding demand for computers and smartphones and depressing component prices. Samsung will invest ... Read More »