Samsung estimates profits plunged 96% in the second quarter
Companies are grappling with excess chip inventories as consumers buy fewer electronics due to inflation. As a result, prices for memory chips have fallen.
Source: cnbc.com
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Samsung Electronics flags 96% drop in Q2 profit as chip glut drags on, ET Telecom
It would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009, according to company data.
Source: indiatimes.com
samsung results: Samsung Electric forecasts 96% drop in Q2 profit as chip glut drags on
According to company data, it would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009.
Source: indiatimes.com
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Samsung profit likely lowest in more than 14 years as chip glut persists
Samsung Electronics' June-quarter profit is expected to plunge 96% on-year to the lowest for any quarter in more than 14 years, as a chip glut continues to drive large losses in the tech giant's cash cow business despite a supply cut.
Source: reuters.com
Samsung profit likely lowest in more than 14 years as chip glut persists, ET Telecom
Samsung: Operating profit for the world's biggest maker of memory chips, smartphones and TVs likely fell to 555 billion won ($427 million) in the April-June quarter, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
Source: indiatimes.com