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Samsung Electric forecasts 96% drop in Q2 profit as chip glut drags onAccording to company data, it would be Samsung's lowest profit for any quarter since a 590 billion won profit in the first quarter of 2009.- Results preview: Persisting chip glut to pull down Samsung's profit to 14-year-lowOperating profit for the world's biggest maker of memory chips, smartphones and TVs likely fell to 555 billion won ($427 million) in the Ap...
- Samsung to cut chip production after 14-year low profitSamsung estimated its operating profit fell to 600 billion won ($455.5 million) in January-March, from 14.12 trillion won a year earlier, i...
- Samsung estimates quarterly profit sank to 8-year low on demand slumpSamsung had said in October that it did not expect much change to its 2023 investments. Analysts said that Samsung has a history of not ann...
- Samsung's quarterly profit set to hit 6-year low as consumers hunker downSamsung, as the world's biggest maker of memory chips, smartphones and TVs, is a bellwether for global consumption trends. It is expected t...
- Samsung Elec posts higher Q2 profit on strong server-chip demandSamsung's chip profits were shielded last quarter from what analysts think is a looming glut at customers after high demand in the past two...
- Samsung likely to report best Q1 profit since 2018 due to chip businessSamsung will most likely release its first-quarter profits on Thursday. Reports state that it could be the best quarter since 2018. The mem...
- Samsung Electronics Q4 profit jumps on server chip demand, foundry marginsThe world's largest memory chip and smartphone maker estimated October-December profit at 13.8 trillion won ($11.5 billion), which would be...
- Samsung likely to report best Q4 profit on solid chip demandOperating profit for the world's biggest memory chip and smartphone maker will likely hit 15.2 trillion won ($12.7 billion) in the quarter ...
- Hyundai Motor's Q3 profit misses estimates as chip shortage takes a tollHyundai, which together with affiliate Kia Corp is among the world's top 10 automakers by sales, reported a net profit of 1.3 trillion won ...
- Rising chip prices fuel Samsung's best quarterly profit in three yearsSamsung Electronics estimated its July-September profit at 15.8 trillion won ($13.3 billion), below a Refinitiv SmartEstimate of 16.1 trill...
- Samsung Electronics likely to report best quarterly profit in three yearsOperating profit for the world's biggest memory chip and smartphone maker likely jumped to $14 billion in the quarter ended September, acco...
- Samsung Electronics earnings preview: Q2 profit likely up 38% on strong chip pricesOperating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a ...
- Hyundai Q1 profit triples, to adjust May auto production due to chip shortageUnlike its rivals, the South Korean automaker staved off production halts in the first quarter, thanks to a healthy chip inventory. But the...
- H&M says one fifth of stores still shuttered by pandemicH&M, the world's second-biggest fashion retailer, is due to report sales for the December-February period, its fiscal first quarter, on Mar...
- Toyota posts 54% rise in Q3 operating profit, hikes full-year forecastJapan's Toyota Motor Corp on Wednesday reported a bigger-than-expected 54% jump in third-quarter profit and jacked up its full-year earning...
- SoftBank posts Q3 profit gain as Vision Fund ralliesThe earnings mark a sea change from a year earlier when high profile misses such as the flopped IPO of office sharing firm WeWork and the C...
- SoftBank posts Q3 profit gain of 20 times, beating estimatesDuring the third quarter net profit ballooned more than 20 times to 1.17 trillion yen ($11.09 billion). That compared with an estimate of 1...
- Samsung's profit likely at 2-year high after Huawei chip orders, phone recoveryThe South Korean tech giant said on Thursday operating profit was likely 12.3 trillion won ($10.6 billion) for the three months ended Septe...
- Nintendo reports 428% jump in profit as Animal Crossing sales top 22 millionOperating profit for April-June was 144.7 billion yen ($1.37 billion). That compared with an average estimate of 71 billion yen from 12 ana...
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