HolyMoly, Samsung missed earnings HARD, especially on Chips.

Submitted by Donerci-Beau t3_10px42e in wallstreetbets

Here is the data:

Chip Op Profit 270B Won, Est 3.24T Won
Display OP profit 1.82T Won, Est. 194T Won
Mobile/Network Op profit 1.70T Won, Est. 2.57T Won
Consumer Elec. Op Loss 60B
Chip Sales 20.07T won, Est 28.18T Won
Display Sales 9.31T Won, Est 10.25T Won
Mobile/Networks Sales 26.90T Won, Est. 29.33T Won
Consumer Elec. Sales 15.58T Won, Est. 15.48T Won

A LOT OF WON, BUT DON'T GET CONFUSED. THEY LOST.

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Humble_Umpire_8341 t1_j6mukgi wrote

Pepsi with its ownership of Frito Lay is the dominant Chip maker in the US, they control around 60% of the US market. Not sure it’s even close.

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Sober_Browns_Fan t1_j6nrcl9 wrote

The market was practically monopolized with the development of the Dorito chipset. Nobody else has anything that can compete.

And damn it, now I want doritos.

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j12 t1_j6neb7s wrote

^^^ this

I don’t know why everybody goes on about tsmc and 3nm chips when PepsiCo has cool ranch

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renok_archnmy t1_j6o4m2k wrote

Yeah but Trader Joe’s got them fancy elote fritos that be banging

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Antique-Flight-5358 t1_j6mmoca wrote

Singapore non oil exports down 20%...they tell us no one can get rid of stock. Just FYI to my overseas brothers

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ChippyChalmers t1_j6mn8v6 wrote

Sorry, are you saying that companies in Singapore have too much inventory?

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PortfolioIsAshes t1_j6mtrsu wrote

While this isn't a Singapore exclusive problem, they would be one of the outliers. Lots of countries increased their orders by several folds during the supply chain disruption last year thinking that it will last several years. They also increased their price by several times and blamed supply chain to rake in record profits for the first few months. But now every country have excess inventory in many different industry but nobody is ordering. That's why we saw the sudden massive drop in demand and shipping prices crashing in the last few months of 2022.

As for Singapore in particular, their excess inventory problem is much worse since they just increased their GST(Their equivalent of VAT) by 1%, but the great capitalistic opportunists saw it as an opportunity to increase their prices by anywhere between 10%-40%. You can take a look at their sub to see people mad about it, especially if you know the supply chain disruption have largely subsided but the vendors are still using it as their excuse.

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ChippyChalmers t1_j6muq5w wrote

Thanks for that. How the tables have turned! A lot of the inflation we've been seeing worldwide seems to have been from a supply shock, which is naturally resolving via demand destruction. At least, that's what smarter people than myself seem to conclude.

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PortfolioIsAshes t1_j6mvfgb wrote

Yeah it was predicted by analysts from the start when people started overordering, but greed covered people's eyes as all they saw was golden opportunity to take advantage of supply and demand. Demand destruction will slowly take out the morons who took out loans to order excess supply, then the big corporates will start having problems selling too(eg. Samsung missing this hard). That's how we know we're on track for another global recession.

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VisualMod t1_j6mkdlz wrote

>The data you have presented indicates that while Samsung did see some overall profit, they actually lost money in their consumer electronics division. This is likely due to increased competition from cheaper Chinese brands.

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grimkhor t1_j6mlaf0 wrote

You won me over img

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gaurav0792 t1_j6na4o2 wrote

This does not bode well for Lisa AMD and Tim Apple.

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Obsidianram t1_j6mwh2d wrote

So Juan won some Won, but not enough Won to say he won the earnings game...

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MetHerFirst t1_j6ndteu wrote

Your title is negative but your post says they won?

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VisualMod t1_j6mkd7x wrote

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Always_Excited t1_j6o1g9t wrote

Chip short is over. Intel lost 1/3 revenue and only went down single digits. You're literally giving institutional shorts exit liquidity if you buy puts on these numbers.

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