Jakarta, CNBC Indonesia – Samsung’s income is more likely to expertise a drastic decline within the April-June 2023 interval. The South Korean know-how big estimates that its income will fall by 96%.
The revenue for the producer of the Galaxy sequence is estimated to be 600 billion gained (Rp. 6.9 trillion) within the final 3 months. That determine decreased from 14.1 trillion gained (Rp 163.5 trillion) the earlier yr, it was quoted Reuters, Friday (7/7/2023).
Reuters famous the shock to Samsung’s enterprise efficiency ensuing from an oversupply of chips. The issue prompted heavy losses to its most important enterprise.
Samsung’s income prediction would be the lowest for the final 14 years. In 2009, Samsung recorded a revenue of 590 billion gained (Rp 6.8 trillion).
The earlier loss additionally occurred for Samsung within the first three months of 2023. From January to March, the loss was 4.58 trillion gained (Rp 53.1 trillion).
This occurs as a result of the value of reminiscence chips continues to say no. As well as, there’s additionally an issue with trimming stock values.
Chip decline has occurred since final yr. It’s estimated that within the third quarter it should attain its lowest level, however the worth is predicted to get better within the fourth quarter.
Head of analysis at Hyundai Motor Securities, Greg Roh, predicts that the double-digit enhance each quarter will possible begin within the second half of subsequent yr.
“In contrast to its opponents, [Samsung] anticipated to keep up funding in reminiscence chips this yr. This may repay in a rise in market dominance in 2025,” stated Roh.
[Gambas:Video CNBC]
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