“Samsung faces weakest quarter since 2009 as memory chip market in ‘worst slump in decades’”
April 24, 2023
“Samsung could report its worst profit in 14 years this week, as prices for memory chips, its biggest business, continue to fall, while demand stays weak.
The South Korean technology giant guided earlier this month that it would post operating profit of 600 billion Korean won ($449 million) for the first quarter. If Samsung reports this number, it would be the company’s lowest profit since the first quarter of 2009.
Samsung releases preliminary earnings guidance, but does not give detailed figures. It reports its full first quarter earnings on Thursday…”