2023-07-07 18:00:00
The operating result of Samsung for the relative quarter of April to June of this year might be the worst in 14 years, according to an estimate of analysts at the company Refinitiv. The chip sector of the South Korean company would have been responsible for the negative projections.
According to the Archyde.com news agency, projections indicate that Samsung’s profit in the period fell by 96%, compared to the same period last year, totaling US$ 427 million, something around R$ 2 billion.
If correct, the number is the worst result since the fourth quarter of 2008, when the company obtained US$ 566 million (~R$ 2.7 billion). Operating profit for the April-June 2022 quarter was nearly $10.8 billion (~R$52.7 billion).
Analysts pointed out that this negative result would be originated by Samsung’s chips sector, the company’s most profitable. However, the market is currently facing an industry oversupply not seen in over a decade.
According to data released by TrendForce, a research consultancy in the technology sector, the prices of DRAM memory chips, widely used in smartphones, computers and servers, had a fall of 13% to 18% in the period.
Chip makers are in the midst of a slump in demand for their products less than a year following they failed to produce enough to fill orders. Analysts project an economic recovery for Samsung only following 2024.
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