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SEOUL – Samsung Electronics Co Ltd’s quarterly revenue will seemingly plunge 58 p.c to its lowest in six years as a worldwide financial downturn saps demand for digital gadgets and clouds the outlook for the reminiscence chip trade.
With customers and companies decreasing spending and funding within the face of excessive inflation and climbing rates of interest, smartphone makers and different purchasers held again reminiscence chip orders, whereas smartphones offered for much less as demand suffered, analysts mentioned.
Samsung, because the world’s largest maker of reminiscence chips, smartphones and TVs, is a bellwether for international consumption tendencies. It’s anticipated to announce preliminary outcomes on Friday and full outcomes later thi…
Carry on studying: Samsung’s quarterly revenue set to hit 6-year low as customers hunker down
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