Emissions Should Be Plummeting. Instead, They’re Breaking Dangerous New Records

Next week, world leaders will head to Dubai for the Conference of the Parties—the United Nations’ annual climate meeting—to finalize the first “global stocktake,” assessing progress toward the Paris Agreement’s goals. The UN Environment Programme is not mincing words about how far from those goals nations are. Today, ahead of COP28, it is releasing a […]

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Samsung guidance reveals plummeting profits in Q2 2023

Samsung Electronics posted its quarterly guidance ahead of the release of its detailed fiscal report, and for the second quarter in a row the Korean company expects a drastic decline in profits. The consolidated figures show an operating profit of KRW0.5-0.7 billion ($455 million), which is over 95% less than the same period last year. […]

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Samsung Q1 earnings guidance reveals plummeting profits

Samsung 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 […]

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Apple Halted M2 Chip Production in January Amid ‘Plummeting’ Mac Sales

Apple halted production of its M2 series chips at the start of 2023 following a pronounced slump in global demand for MacBooks, claims a new report out of Korea. Facing “plummeting” Mac sales amid a severe PC market downturn, Apple in January completely suspended production of its custom-designed M2 series processors that power new MacBook […]

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Samsung Q4 earnings guidance warns of plummeting profits

Samsung 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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