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Samsung Elec warns of difficult 2016 as smartphone troubles spread

Tech giant Samsung Electronics Co Ltd on Thursday warned of possible weaker earnings this year due to softer sales of gadgets such as smartphones, a trend that is also hurting rival Apple Inc and major chipmakers. The South Korean firm’s warning came a day after Apple shares fell more than 6.5 percent, the biggest percentage drop in two years, as the iPhone maker forecast its first quarterly sales drop in 13 years. Slowing economic growth in China and weaker emerging market currencies are undercutting sales of electronics ranging from televisions to personal computers, spelling trouble for not only for Samsung and Apple but for their suppliers and the broader industry.

Quoted from Samsung Elec warns of difficult 2016 as smartphone troubles spread on Gadgets News Headlines – Yahoo! News

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