Samsung issues lengthy apology after disappointing profit guidance — read the full statement

The leading memory chip manufacturer projected that its operating profit for the quarter ending in September will be approximately 9.10 trillion won, missing LSEG expectations.

Analysts polled by LSEG expected an operating profit of 11.456 trillion Korean won ($7.7 billion) for the quarter ended Sept. 30. 

Samsung noted that the performance of its memory division declined due to “one-time costs and negative impacts,” which include inventory…