Samsung Electronics drops Q2 outlook due to trade uncertainties

Share via:


Samsung Electronics on Wednesday dropped its business outlook for the current quarter and warned US tariff policies could cut demand for its key products such as smartphones. The technology giant said it expected its semiconductor business to encounter greater uncertainties throughout the year, while its smartphone shipments faced downward pressure in the second quarter.

The world’s largest memory chipmaker reported a small rise in first-quarter operating profit as customers concerned about US tariffs rushed to purchase smartphones and commodity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Samsung Electronics drops Q2 outlook due to trade uncertainties


Samsung Electronics on Wednesday dropped its business outlook for the current quarter and warned US tariff policies could cut demand for its key products such as smartphones. The technology giant said it expected its semiconductor business to encounter greater uncertainties throughout the year, while its smartphone shipments faced downward pressure in the second quarter.

The world’s largest memory chipmaker reported a small rise in first-quarter operating profit as customers concerned about US tariffs rushed to purchase smartphones and commodity…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

IPO-Bound Urban Company Founders Offload INR 779 Cr Shares

SUMMARY As per the company’s DRHP, Abhiraj Bhal, Varun...

Founders Discuss Growth, Deeptech Innovation With Piyush Goyal

SUMMARY The closed-door meeting was organised by Startup Policy...

Animoca Brands backs DeFi lending firm Pencil Finance with...

The funds will be used as collateral for...

Popular

Upcoming Events

Sony’s blockchain, Plume partner on tokenized yields

Soneium, developed by Sony Block Solutions Labs, aims...

OpenAI explains why ChatGPT became too sycophantic

OpenAI has published a postmortem on the recent...

From Satya Nadella to Sabeer Bhatia, here are the...

Hundreds of luminaries from across industries, including frontrunners...
GdfFD GFD GFD GFD GFD GFD GFD