SEOUL - The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened consumer electronics sales.
Samsung, which also makes home appliances and displays, on Tuesday releases guidance for the January-March quarter profit which is widely expected to be unchanged, and come under pressure in the next few quarters as the impact of coronavirus-related factory and retail stores shutdowns bites. However, the company already warned last month that the pandemic would hurt sales of smartphones and consumer electronics goods this year, and analysts said a prolonged virus outbreak could put higher demand for memory chips at risk.
Apple rescinded its profit forecast earlier this year due to production halts and retail store shutdowns in China.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Passengers from virus-hit ships start leaving FloridaPassengers from a virus-hit cruise ship and its sister vessel, also struck with a handful of cases, started heading home Friday from Florida, after being stranded at sea for days. The Zaandam, operated by Holland America Line, began its stranger-than-fiction journey on March 7 in Buenos Aires -- before
Source: YahooNews - 🏆 380. / 59 Read more »
Egypt non-oil private sector contracts faster as virus hits - PMIEgypt's non-oil private sector activity contracted at a far faster rate in March than in February as the coronavirus-induced economic slowdown spread across the globe, a survey showed on Sunday. evil US (Detrick) I guess we're going to be hearing a lot of similar stories from many other countries as well !
Source: Reuters - 🏆 2. / 97 Read more »
Walmart To Limit Number Of People Shopping At One Time Because Of CoronavirusWalmart will begin limiting how many people are allowed inside its stores at one time — reducing its capacity to roughly 20% — as a way to enforce social distancing. Thank goodness. It's ridiculous how many large groups are still shopping together. One person per household is not a difficult concept. Bring on the next panic buying 👏🏻 So what! There are far more important topics to address. WALMART!! HAH! Oh right. It’s home of the base. Super topic.
Source: NPR - 🏆 96. / 63 Read more »
Barr to speed releases at federal prisons hard hit by virusAttorney General Bill Barr is ordering federal prison officials to intensify their efforts to release “vulnerable” inmates at three prison complexes that are struggling to contain major outbreaks of the coronavirus IOW: Buy guns and ammo. How does this work? Do we release vulnerable folks into the population and make their circumstances even worse, fighting homelessness and proper medical care? Or are we releasing those who have a family, you know the ones who kinda just hanged around while crimes were being done COVID comes too late for Jeffrey Epstein.
Source: politico - 🏆 381. / 59 Read more »
Iraqis rally to help needy families as virus hits, economy faltersCoronavirus epidemic has killed 56 Iraqis and infected more than 800 others, according to the country's health ministry. Many suspect the real numbers to be much higher, as only a few thousand people from a population of 40 million have been tested.
Source: trtworld - 🏆 101. / 63 Read more »