Category Archives: Blog

Analysts: Galaxy shipments drop 16% in Q2, but chip business brings in increasing profits

Samsung Electronics is expected to publish its Q2 financial report later this week, but analysts are forecasting a 15.6% increase in operating profit compared to the same period last year, reports Yonhap News. This is despite declining sales of consumer electronics. Smartphone shipments are down to an estimated 61 million units in the April-June period,…

Tesla Should Rethink Production Plans After Deliveries Fall for First Time in Two Years: Wall Street Analysts

Elon Musk’s Tesla will need to rethink its production plans to protect its profits, opines Wall Street analysts. Tesla reported a fall in quarterly deliveries for the first time in two years. Beijing’s zero-COVID policy along with supply chain issues hit production at Tesla’s largest factory in Shanghai.Read More