Samsung reports preliminary Q4 operating profit of ~$4.5B, missing analysts’ average projection of ~$6.2B, and revenue of ~$51.7B, also missing estimates (Bloomberg)

Bloomberg:
Samsung reports preliminary Q4 operating profit of ~$4.5B, missing analysts’ average projection of ~$6.2B, and revenue of ~$51.7B, also missing estimates  —  – Weak demand for conventional memory weighs on Korean company  — Samsung was also hurt by growing smartphone competition