Samsung expected to post lowest quarterly profit in years due to memory chip 'market carnage'
Publishing timestamp: 2023-01-05 00:46:53
Summary
Samsung's fourth-quarter earnings guidance could nosedive nearly 50% due to a rapid fall in NAND and DRAM memory prices. Analysts expect Samsung's semiconductor business, which includes NAND and DRAM, to have a big impact on overall profit. Despite the near-term negative news, analysts recommend investors hold onto Samsung Electronics as the downturn in memory prices could provide an opportunity for the company to come back stronger in the new cycle.
Sentiment: MIXED
Tickers: SSNLF,
Keywords: internet, samsung electronics co ltd, computer memory, earnings, world economy, business news, technology, semiconductor device manufacturing,