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Samsung made a rare statement before the announcement of its initial earnings estimate, pointing out weak demand for chips and a slowdown in demand from display panel customers.
"The company expects prices of major memory chip products to fall more than expected," Samsung said in a regulatory filing.
Samsung is expected to release its first-quarter profit estimate early next month.
"Samsung's profitability has deteriorated as a result of the poor sales of Apple's iPhones, which has led to an increase in memory chip inventories and a weak display panel business," said Lee Won-sik, an analyst at Credit Securities.
Samsung is the world's largest maker of memory chips and smartphone display panels.
Samsung did not elaborate on the purpose of its regulatory documents. A company source confirmed that Samsung did not publish its earnings estimates before they were released.


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