Thursday, January 5, 2023

Samsung's quarterly profit could fall to a six-year low.

According to analysts, the operating profit of Korean Samsung Electronics for the past quarter should decline in annual comparison by 50-58% to a six-year low corresponding to the range from $4.62 to $5.64 billion in equivalent value. The situation on the memory market will not contribute to the rapid recovery of positive dynamics.

Analysts are prompted to such forecasts by the negative dynamics of prices for memory chips, the largest manufacturer of which is a South Korean company. According to some estimates, the dynamics of memory price decline in the current environment is close in its drama to the events of 2008, when the global financial market was in the grip of a global crisis. Everything is exacerbated by an unfavorable combination of lower demand and overstocking of warehouses, which has not been observed in the previous ten years... Detail: https://bitcoingrandee.com/posts/96 NEWS u/Cryptocurrency u/Dogecoin u/Bytecoin u/Bitcoin u/Blockchain u/Business u/News u/SamsungElectronics u/Samsung

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