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00:00:00
some some electronics is suffering its oneness profit results in more than two years the numbers on kind the south Korean tech giant reported a sixty four percent drop in its chip business for the first quarter of forty percent drop in its mobile business and looked around four hundred and eighty million US dollars in losses for its display units and it won't there's more pain to come in Q. two which is breaking views columnist Jeffrey Goldfarb has been studying the report on the use the word slow or weak or some derivation there of %HESITATION nineteen times which %HESITATION which signals that you know that that was a pretty rough quarter %HESITATION and enough to my mind also suggests that it might take a little bit longer to come out of the problems that they're having and the whole market is really have this semiconductor market in which they operate has been experiencing a glut of supply and the whole industry has been trying to work through that what that has done is push prices down quite a lot the company is feeling more positive about second top results it predicts demand for memory chips and high density products will rebound later in twenty nineteen shareholders are also repairing courses the optimistic despite indefinitely postponing the release of its new folding fine and weak profits for the first quarter some some stock prices actually increased by more than a fifth this year Tanzania's for a proxy for a lot of things it's proxy for the chip market and the smartphone market which is there for a proxy for the economy really and it's a two hundred sixty billion dollar company so I think people of investors have factored in what they believe I I I guess I'm they're not being pessimistic enough to my mind about where the whole industry is going I mainly to do with the speed of how much everything comes back very cyclical industry but you know