Samsung's Q3 Profit Misses Expectations Amid Challenges in AI Chip Market 📉

Samsung's Q3 profit misses estimates as it struggles in AI chips <br /><br />Samsung Electronics estimated a 274 percent jump in third-quarter operating profit on Tuesday, October 8, but missed analyst estimates, as it struggled to capitalize on strong demand for chips used in artificial intelligence servers. <br /><br />The world's largest memory chip, smartphone and TV maker estimated an operating profit of 9.1 trillion won ($6.78 billion) for the three months ended September 30, versus a 10.3 trillion won LSEG SmartEstimate. That would compare with 2.43 trillion won in the same period a year earlier and 10.44 trillion won in the preceding quarter. <br /><br />Samsung's share price, which has fallen more than 20 percent so far this year, fell 0.7 percent after the earnings guidance. <br /><br />REUTERS / SAMSUNG ELECTRONICS HANDOUT <br /><br />Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe <br /> <br />Visit our website at https://www.manilatimes.net <br /> <br />Follow us: <br />Facebook - https://tmt.ph/facebook <br />Instagram - https://tmt.ph/instagram <br />Twitter - https://tmt.ph/twitter <br />DailyMotion - https://tmt.ph/dailymotion <br /> <br />Subscribe to our Digital Edition - https://tmt.ph/digital <br /> <br />Check out our Podcasts: <br />Spotify - https://tmt.ph/spotify <br />Apple Podcasts - https://tmt.ph/applepodcasts <br />Amazon Music - https://tmt.ph/amazonmusic <br />Deezer: https://tmt.ph/deezer <br />Tune In: https://tmt.ph/tunein <br /> <br />#TheManilaTimes <br />#tmtnews <br />#samsung