Home GRASP GRASP/Korea Samsung's record-breaking profits clouded by predictions of end to chip boom

Samsung's record-breaking profits clouded by predictions of end to chip boom

87
0
SHARE

Booming demand for Samsung’s memory chips and the success of its latest smartphone have led the Korean electronics giant to forecast record quarterly profits.
B ooming demand for Samsung’s memory chips and the success of its latest smartphone have led the Korean electronics giant to forecast record quarterly profits.
However, the company’s buoyant financials were cancelled out by warnings that the chip boom of the last 18 months is peaking, leading the company’s shares to fall slightly.
Samsung Electronics, the biggest and best known part of the Samsung corporate empire, predicted that operating profits had reached 15.

Continue reading...