- Samsung Electronics earnings are expected to plunge nearly 80% in the third quarter, according to analyst forecasts.
- Analysts see its semiconductor business — typically Samsung’s cash cow — reporting a more than 3 trillion won ($2.2 billion) loss for the third quarter.
- Memory chip prices have fallen dramatically this year due to a glut caused by oversupply and low demand for end products like smartphones and laptops.
https://www.cnbc.com/2023/10/10/samsung-earnings-preview-q3-2023-chip-losses-weigh-on-profit.html
[link] [comments] https://www.reddit.com/r/stocks/comments/174nzs0/samsung_expected_to_report_80_profit_plunge_as/
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