Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.
Samsung expected to report 80% profit plunge as losses mount at chip business::The semiconductor business — typically Samsung’s cash cow — is likely to see continued pressure as memory prices and demand for end products remain low.
I agree that the hamster wheel of infinitely increasing profits is bad. But even in a better world where companies weren’t expected to report record profits every single quarter, an 80% drop would still be rather alarming.