- cross-posted to:
- news@kbin.social
- cross-posted to:
- news@kbin.social
Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.
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You can see how this would happen. Everyone bought new computers to wfh during the pan. Now they’re holding on to devices that aren’t due for upgrades / replacement. Apple seems to be the only hardware company in the sector that isn’t hurt by this and that’s because they’re shipping new macs that are best-in-class to an audience that typically can afford (or will sacrifice to afford) nice upgrades.