Soldato
- Joined
- 14 Aug 2009
- Posts
- 3,094
Samsung forecasts a shocking 96 percent drop in profits for Q1 2023
Memory inventories are piling up, so Samsung is cutting production.
arstechnica.com
The company warned investors today that it's a shocking 95.8 percent year-over-year drop in operating profit for Q1 2023. If that expectation holds, this will be the company's worst quarter since 2009, which dates back to the company's pre-smartphone era.
Ups...