Traffic passes a Samsung Electronics Co digital billboard within the Times Square space of Manhattan in New York City, U.S. March 2, 2023. (REUTERS File Photo)
Samsung Electronics Co, the South Korean tech large, expects its second-quarter working revenue to say no by practically 96% from final 12 months, because the reminiscence chip market continues to weaken.
The firm initiatives quarterly gross sales will lower 22.28%. The South Korean conglomerate initiatives working revenue of about 0.60 trillion Korean received ($460 million) within the second-quarter, in comparison with 14.10 trillion received reported final 12 months.
It reported working revenue of about 0.64 trillion received within the first-quarter. The firm additionally expects second-quarter consolidated gross sales of about 60.00 trillion received in comparison with 77.20 trillion received final 12 months.
It reported consolidated gross sales of about 63.75 trillion received within the first-quarter. Second-quarter earnings outcomes will probably be launched later this month.
Source: www.anews.com.tr
