The chip supercycle is weakening. Samsung Electronics (OTC: SSNLF) estimates its quarterly profit dropped 29% in Q1, adding to investor worries after Apple

The chip supercycle is weakening

Technology News

The chip supercycle is weakning. Samsung Electronics (OTC: SSNLF) estimates its quarterly profit dropped 29% in Q1, adding to investor worries after Apple (NASDAQ:AAPL) took the rare move of cutting its quarterly sales forecast on poor iPhone sales in China. Samsung expects profit to remain subdued in Q1, but the market is likely to improve as new smartphones are released during the second half of 2019.

Samsung — the world's best creator of cell phones and memory chips — has delighted in record benefits as of late regardless of a progression of misfortunes, including an embarrassing review and the imprisoning of its true boss.

In any case, working benefit amid the October to December period was relied upon to be around 10.8 trillion won ($9.8 billion), down 28.7 percent from a year sooner, Samsung said in a profit gauge.

'Memory request has truly tumbled off a precipice'

The chipmaker said more fragile than-anticipated interest for memory chips from server farm clients prompted a decrease in shipments and a striking drop in memory chip costs.

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