(CNBC) South Korea’s Samsung Electronics reported Tuesday quarterly operating profit that was better than expected despite dropping 77.6% from a year ago. While it was a decline year-on-year, third quarter operating profit jumped 262.6% from the second quarter, signaling that a memory chip glut may be bottoming out. First quarter operating profit plummeted 85.15% from the fourth quarter of 2022, while second-quarter operating profit saw only 4.68% improvement from the first quarter.
Samsung expects memory chip demand to improve, as operating profit beats expectations
This entry was posted in Syndicated. Bookmark the permalink.
