Samsung's preliminary Q4 profit falls far short of estimates as chip issues drag
Samsung Electronics' preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia .
Samsung Expects Further Profit Growth Slowdown, Missing Estimates
The world’s largest maker of memory chips and smartphones said sluggish demand for conventional chips used in personal computers and mobile phones weighed on its memory business for the quarter.
Live news: Samsung Electronics’ profit outlook falls far short of expectations
Samsung Electronics estimated on Wednesday that its operating profit more than doubled in the fourth quarter from a year earlier but its forecast fell far short of analyst expectations, fuelling concern over its technological competitiveness.
Samsung Q4 profit outlook misses estimates by large margin as chip issues drag
Samsung Electronics released on Wednesday a fourth-quarter operating profit estimate that missed analyst estimates by a large margin, as it lagged behind rival SK Hynix in supplying high-end chips to Nvidia.
Samsung expects fourth-quarter profit and sales to surge
South Korean tech firm Samsung Electronics on Wednesday said it projects its fourth-quarter operating profit will increase about 130% from last year. The company also projects quarterly sales will increase about 11%.
Samsung forecasts Q4 profit miss amid struggle to supply Nvidia with AI chips
Samsung Electronics said today that it’s likely to miss expectations on fourth-quarter profit by a wide margin, as analysts blamed the miss on the poor performance of its high-end memory chips for artificial intelligence accelerators.
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