SEOUL – Samsung Electronics Co Ltd’s quarterly revenue will seemingly plunge 58 % to its lowest in six years as a world financial downturn saps demand for digital units and clouds the outlook for the reminiscence chip business.
With shoppers and companies decreasing spending and funding within the face of excessive inflation and climbing rates of interest, smartphone makers and different purchasers held again reminiscence chip orders, whereas smartphones offered for much less as demand suffered, analysts stated.
Samsung, because the world’s greatest maker of reminiscence chips, smartphones and TVs, is a bellwether for world consumption developments. It’s anticipated to announce preliminary outcomes on Friday and full outcomes later thi…
Carry on studying: Samsung’s quarterly revenue set to hit 6-year low as shoppers hunker down