Executive with major smartphone manufacturer sees sluggish industry sales in 2019


A tough year is ahead for Samsung’s business of supplying smartphone manufacturers with components. That’s the word from Samsung Chief Executive Kim Ki-nam, who made the comments Wednesday morning in South Korea (due to the time difference, it still is Tuesday here in the U.S.) during the company’s annual stockholders’ meeting. According to Reuters, the meeting is held to allow those holding Samsung stock to elect the members of the company’s board.
The executive said that a weak smartphone market will eat into sales of memory chips and other components that it sells …

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