Samsung lowers its Q1 2011 forecasts due to weak TV and flat panel sales according to the Financial Times.
The company's total Q1 estimate totals to 2900BN Won ($2.6BN), lower than Q1 2010's earnings of 4410BN Won.
Samsung believes its memory chip business should come to the rescue by Q2 2011, offsetting the sales decline. Chip prices are currently on the rise, following the supply chain disruption caused by the natural disasters hitting Japan in March. In fact, iSuppli predicts chip sales will rise by 7% this year, reaching $325.2BN.
Samsung currently accounts for 42% of the DRAM market, following its sharp increase in chip investment last year.
