Investors Look Past Samsung's Rare Warning to Late 2019 Rebound
- Company says chip, display prices fell more than anticipated
- The industry expects demand to pick up once stockpiles dwindle
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Samsung Electronics Co.’s surprise profit warning didn’t rattle many investors.
The world’s biggest chipmaker on Tuesday said first-quarter results will fall short of estimates as prices for memory chips and displays slid more than expected, just days ahead of releasing preliminary earnings. That came after Apple Inc., which buys smartphone screens from Samsung, cut its revenue outlook in January for the first time in almost two decades.