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BBCNEWS World Business Report July 6, 2024

we begin today with samsung electronics. it s forecasting a likely 96% plunge in first quarter operating profits. in a preliminary earnings report, the world s largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is going to release its full earnings later this month. katie silver sent this report from the bbc s asia business hub in singapore. in its preliminary estimates, samsung says its operating profits fell by about $450 million in the january march period this year, when compared to the same time the previous year. now demand for memory chips ramped up during covid lockdowns as consumers bought new electronics to use at home think new phones, computers, those expensive smart washing machines all of those use a lot of chips. but with fears of an economic recession looming, consumers are buying fewer tech devices, reducing demand for chips and, as a result, the com ....

Samsung Electronics , Operating Profit , Continuing Semiconductor Crisis , Interest Rates , Tadhg Enright , World Business Report , The World , Memory Chip , Earnings Report , Tv Manufacturer , S Asia Business Hub , 455 Million , 55 Million , Memory Chips , Operating Profits , 50 Million , 450 Million , Washing Machines , Tech Devices , Memory Chip Production , Making Chips , The End , South Korea , 30 Billion , 230 Billion , Jobs Market ,

BBCNEWS World Business Report June 4, 2024 10:31:00

We begin today with samsung electronics. it s forecasting a likely 96% plunge in first quarter operating profits. in a preliminary earnings report, the world s largest memory chip and tv manufacturer estimated its operating profit fell to $455 million for the first three months of the year. samsung electronics is going to release its full earnings later this month. katie silver sent this report from the bbc s asia business hub in singapore. in its preliminary estimates, samsung says its operating profits fell by about $450 million in the january march period this year, when compared to the same time the previous year. now demand for memory chips ramped up during covid lockdowns as consumers bought new electronics to use at home think new phones, computers, those expensive smart washing machines all of those use a lot of chips. but with fears of an economic recession looming, consumers are buying fewer tech devices, ....

Samsung Electronics , The World , Operating Profit , Memory Chip , Earnings Report , Tv Manufacturer , S Asia Business Hub , 455 Million , 55 Million , Memory Chips , Operating Profits , 50 Million , 450 Million , Washing Machines , Tech Devices ,