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.

  • 1984@lemmy.todayEnglish
    30·
    1 year ago

    The entire economy is about companies making higher and higher profits, and if they don’t, economists worry it’s a stagnation. Lol. We really are quite fucked.

    • thrawn@lemmy.worldEnglish
      8·
      1 year ago

      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.