Thursday, July 6, 2023

Samsung Electronics Expects Q2 Profit to Drop More Than 95 Percent Amid Ongoing Chip Glut

Samsung Electronics reported a likely 96 percent plunge in second-quarter operating profit on Friday, largely in line with forecasts, as an ongoing chip glut drives large losses in the tech giant's key business despite a supply cut. Samsung estimated its operating profit fell to KRW 600 billion(roughly Rs. 3,795 crore) in April to June in April to June, from KRW 14.1 ...

from Gadgets 360 https://ift.tt/liXCuxh
via IFTTT

No comments:

Post a Comment

Honor Magic V2 RSR Porsche Design is coming to Europe

Earlier today, Honor finally launched the Magic V2 in Europe, almost five months after its initial announcement. Don't miss our unboxin...