ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Companies

Samsung falls victim to China slowdown, following Apple

Headwinds slam memory chip and smartphone segments

A mobile phone store in Hefei, China. Apple and Samsung have both issued earnings warnings due to weakness in the Chinese economy.   © Reuters

SEOUL -- Samsung Electronics' disappointing fourth-quarter earnings report comes less than a week after Apple cut its revenue estimate, underlining the global repercussions of the Chinese economic slowdown.

Both of the South Korean company's core businesses -- memory chips and smartphones -- are facing downturns this year. With no other growth business to fill the hole, Samsung finds itself scrambling to trim the fat.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more