Because of the economic downturn, the semiconductor market is going through one of its roughest patches in recent years. And because Samsung Electronics is among the world’s biggest semiconductor manufacturers, its Q2 profit dropped significantly. The company recently announced a 95% profit decline for Q2 2023 compared to a year ago. However, market analysts believe […]
Read MoreSamsung has been going through some tough times. Over the past year, its semiconductor chip business has seen a massive downturn amid global economic woes. Since most of the company’s profits usually come from its semiconductor chips business, it has been hit hard. The South Korean firm unveiled its earnings estimate for Q2 2023, and […]
Read MoreApple CEO Tim Cook today provided some commentary surrounding artificial intelligence amid the surging popularity of ChatGPT and other chatbots. Speaking on Apple’s quarterly earnings call today, Cook said artificial intelligence’s potential is “very interesting,” but noted that it is “very important to be deliberate and thoughtful” in regards to how the technology is used. […]
Read MoreApple CEO Tim Cook today said he still views mass layoffs as a “last resort,” and ensured this is not something the company is considering right now. “I view that as a last resort and, so, mass layoffs is not something that we’re talking about at this moment,” said Cook, in an interview with CNBC. […]
Read MoreApple today announced financial results for its second fiscal quarter of 2023, which corresponds to the first calendar quarter of the year. For the quarter, Apple posted revenue of $94.8 billion and net quarterly profit of $24.1 billion, or $1.52 per diluted share, compared to revenue of $97.3 billion and net quarterly profit of $25.0 […]
Read MoreSamsung recently posted its lowest profit in 14 years because of the economic slowdown and lower chip demand. The operating profit remained at KRW 13.8 trillion (roughly $10.4 billion) YoY, with the chip business contributing KRW 13.3 trillion (approx $10 billion), registering an operating loss of KRW 4.58 trillion (approx $3.4 billion). The poor performance […]
Read MoreApple will report its earnings results for the second quarter of its 2023 fiscal year on Thursday, May 4 at 1:30 p.m. Pacific Time. Apple’s CEO Tim Cook and CFO Luca Maestri will discuss the results on a conference call for investors a half hour later. Keep reading for some key things to know about […]
Read MoreThe global semiconductor demand has remained weak over the past year and that has significantly affected Samsung’s ability to turn a decent profit. The firm’s semiconductor division is its biggest cash cow and when it’s under pressure, the effects are visible on the company’s bottom line. Samsung has announced its Q1 2023 earnings today and […]
Read MoreSamsung posted its Q1 earnings guidance, and it shows results bleaker than anything we’ve seen in over a decade. Sales will be between KRW 62-64 trillion (about $48 billion), 10% down QoQ and almost 20% down on a yearly basis. Operating profit will be just about KRW 0.5-0.7 trillion ($455 million), which is a six-fold […]
Read MoreSamsung has announced its earnings estimates for Q1 2023. The company expects its operating profit to nosedive by 96% compared to Q1 2022 as the demand for semiconductor chips has waned in the past few months. Moreover, consumers have been buying fewer home appliances as there is a fear of a global economic recession. The […]
Read MoreApple today announced plans to report its earnings results for the second fiscal quarter (first calendar quarter) of 2023 on Thursday, May 4. The earnings report and investor call afterward will provide insight into the period between late December and March, which is often a slow quarter for Apple following the holiday quarter. Apple in […]
Read MoreAccording to forecasts compiled by Yonhap Infomax, major South Korean chip manufacturing firms won’t be earning much in Q1 2023. Samsung, along with SK Hynix and others, are projected to have grim earnings in Q1 2023, all because of sluggish global chip demands. Samsung Foundry is projected to have an operating profit of KRW 720 […]
Read MoreApple today held its first earnings call of 2023, which covers the fourth calendar quarter of 2022. During the call, Apple CEO Tim Cook and Apple CFO Luca Maestri shared several interesting tidbits about recent product sales, services results, and more, and we’ve highlighted the most interesting parts of the call below. AI On the […]
Read MoreThere are more than two billion active iPhones, iPads, Macs, and other Apple devices worldwide, Apple said today in the earnings report covering the first fiscal quarter of 2023. During the December quarter, we achieved a major milestone and are excited to report that we now have more than 2 billion active devices as part […]
Read MoreApple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]
Read MoreApple today announced financial results for the first fiscal quarter of 2023, which corresponds to the fourth calendar quarter of 2022. For the quarter, Apple posted revenue of $117.2 billion and net quarterly profit of $30.0 billion, or $1.88 per diluted share, compared to revenue of $123.9 billion and net quarterly profit of $34.6 billion, […]
Read MoreApple is set to report its earnings results for the first quarter of its 2023 fiscal year tomorrow at 1:30 p.m. Pacific Time. Apple CEO Tim Cook and Apple CFO Luca Maestri will discuss the results on a conference call for investors a half hour later. Keep reading for some key things to know about […]
Read MoreEarlier this month, Samsung published its earnings guidance for Q4 2022. In line with those numbers, the company has published its final Q4 2022 and FY 2022 results. The company’s profit has been the lowest in eight years, and that is due to the continued global economic downturn, rising costs, and lower demand for smartphones […]
Read MoreWhat you need to know Microsoft released its FY23 Q2 earnings report today. The company brought in $52.7 billion in revenue (up 2%). The More Personal Computing division got hit harder than expected due to the declining PC market. Surface (Devices) and Windows OEM revenue were both down 39%, with Devices worse than last quarter’s […]
Read MoreSamsung Electronics published its earnings guidance report for Q4 2022 and the preliminary numbers are not looking good. Samsung reported a consolidated operating profit estimate of KRW 4.3 trillion ($3.38 billion) for the October-December quarter. The figure represents a 69% dip compared to Q4 2021 values. The estimated Q4 profit would be Samsung’s lowest since […]
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