Smartphone prices may increase in the June quarter due to rising memory chip prices and the strengthening of the Chinese yuan. Recent import duty cuts may partially offset the increase. Samsung and Micron are expected to implement a 15-20% price increase for memory chips in the March quarter. The impact of the price hike will be felt in the next quarter as vendors currently have sufficient inventory.
demand for consumer electronics remaining weak, even as memory chip prices have improved slightly. as you said, samsung is the world s largest memory chip, smartphone and television maker and it is estimated its operating profit will halve from 2.1 3 operating profit will halve from 2.13 billion between october to december and it was more than $4 billion a year ago. analysts say that the chip contract manufacturing mobile processes, televisions, home appliances may have caused this fall leaving samsung to fall short of forecasts. but despite being weaker than expected it is also samsung s smallest drop in profits in five quarters so a slight improvement there. samsung s warning comes as we just heard that ces is going on in las vegas and normally that
crunching the numbers for us. the numbers are not looking good. the quarterly profit is down to $3.1i billion, the lowest level in eight years and missed investor expectations. as we have been reporting with inflation and high interest rates, consumers are just not spending as much money but it is notjust weak demand for smart phones and other tech but also demand for memory chips is down because they were the hot commodity during the pandemic where there was a severe shortage and all the chipmakers had to ramp up production to record levels but now they have to slash spending on new production. samsung, the world s biggest memory chip maker has said it has no immediate plans to cut output memory chip prices are down sharply and that eats into the company s bottom line. also the us sanctions on some chip related exports to china is
cleared to fly again it s thought the problem relates to software affecting the flaps and other flight control hardware. now the owners of the photo and video sharing app snap chat have launched a new gaming platform it will allow people to play in between sending and receiving messages snap games was unveiled at an event in los angeles each will be followed apple s announcement of its own new gaming platform both launches come as many tech pioneers attempts to find revenue streams in the face of sagging demand this case snap hopes to make money through more active use the company has struggled to turn a profit since its creation in two thousand and seven. sons and reported its worst drop in profits in more than four years due to faulty memory chip prices and slowing smartphone sales the south korean electronics giant s profits tumbled more than sixty percent in the first quarter to five point five