The South Korea-based conglomerate released guidance for its first-quarter earnings report, estimating an operating profit of 6.2 trillion won (about $7.3 billion). That’s less than half of the 15.64-trillion won in profit it reported in the same period in 2018. Samsung had issued an unprecedented warning to investors, mentioning memory-chip price drops and lower demand for screens, like the OLED display it makes for Apple’s iPhones. (Engadget)

Talking point: In its last report, Samsung said its Galaxy S10 series phones would help get its earnings back on track. Now, it’s hoping its investments in data centres will create more demand for memory, and that the relatively expensive Galaxy Fold can increase profits by getting rivals to license its foldable-display technology for their own devices. Samsung isn’t the only company in the sector that’s struggling, as the entire semiconductor industry undergoes inventory adjustments.