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Analysts: Samsung Electronics, and SK Hynix Q3 profit to decline

September 26 news, according to foreign media reports, the current global memory chip market is not optimistic, a number of institutions are expected to be affected by the decline in demand, and the third quarter NAND flash and DRAM prices will decline by more than 10%.

The decline in memory chip prices also means that the performance of memory chip manufacturers will be affected, the South Korean media said in a report, analysts expect Samsung Electronics and SK Hynix, the two major memory chip manufacturers, in the third quarter, the profit outlook is bleak.

Korean media reports show that a number of analysts expect Samsung Electronics operating profit for the third quarter of 12.8 trillion won, equivalent to about $ 9 billion, down 18.6% year-on-year; SK Hynix operating profit for the third quarter is expected to be 2.59 trillion won, down 37.8% year-on-year.

Although Samsung Electronics has a wide range of businesses, covering smartphones, panels and many other businesses, the device solutions division, where the memory chips are located, has always been their main source of profit. In the second quarter of this year, Samsung Electronics’ overall operating profit was 14.1 trillion won, of which the device solutions division contributed 9.98 trillion won. The revenue and profit of the memory chip business will directly affect the overall revenue and profit of Samsung Electronics.

From the perspective of foreign media reports, Samsung Electronics and SK Hynix, the two major memory chip manufacturers, is currently facing the pressure of a double decline in shipments and average prices. In terms of DRAM, analysts expect Samsung’s shipments to decline by 3%, and the average sales price to fall by 17%.

In addition to the third quarter, the fourth quarter of this year, memory chip makers are not expected to be optimistic about the situation. Last week, a research firm predicted that DRAM prices are expected to fall 13%-18% in the fourth quarter, expanding from the expected 10%-15% in the third quarter.

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Threza Gabriel
Threza Gabrielhttps://www.techgoing.com
TechGoing is a global tech media to brings you the latest technology stories, including smartphones, electric vehicles, smart home devices, gaming, wearable gadgets, and all tech trending.
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