Samsung Electronics Q2 Profit Expected to Plummet 96%, Lowest in Over 14 Years
Portfolio Pulse from Anusuya Lahiri
Samsung Electronics Co, Ltd's Q2 profit is expected to plunge 96% YoY, the lowest in over 14 years, due to an oversupply of chips. The company's chip division likely reported quarterly losses of around 3-4 trillion won. Samsung is trying to grow its share of chip demand from the AI field. Its mobile business likely reported an operating profit of around 3.3 trillion won. Samsung plans to launch its latest foldable smartphones in July, earlier than usual, to dominate the premium phone market before Apple releases its next iPhone.
July 06, 2023 | 12:02 pm
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Samsung plans to launch its latest foldable smartphones in July, earlier than usual, to dominate the premium phone market before Apple releases its next iPhone.
Samsung's plan to launch its latest foldable smartphones in July, earlier than usual, is a strategic move to dominate the premium phone market before Apple releases its next iPhone. This could potentially impact Apple's market share in the premium phone market.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Samsung's Q2 profit is expected to drop significantly due to an oversupply of chips. The company is trying to grow its share of chip demand from the AI field and plans to launch new foldable smartphones in July.
The expected drop in Samsung's Q2 profit is due to an oversupply of chips, which is causing significant losses in its chip division. However, the company is making efforts to grow its share of chip demand from the AI field and plans to launch new foldable smartphones in July, which could potentially boost its revenues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100