Samsung posts fourth-quarter profit drop, warns of weak demand until the second half of 2019 – TechCrunch

Samsung Electronics reported its largest quarterly profit decline in two years during its earnings report today. As the Galaxy maker warned in its earnings guidance earlier this month, its results were hurt by slower-than-expected demand for semiconductors, which had bolstered its earnings in previous quarters even when smartphone sales were slow. Samsung’s forecast was also…

Nintendo posts $958M profit but cuts Switch target despite strong Christmas sales – TechCrunch

Nintendo has cut its ambitious annual Switch sales forecast despite enjoying a strong Christmas Q3 quarter. The Japanese games giant recorded a 104.21 billion JPY ($958 million) net profit on revenue of 608.39 billion JPY ($5.59 billion) between October and December 2018. Revenue was up 26 percent year-on-year, which is an impressive feature given that quarter was…