Samsung’s profit – level 1

16-10-2023 07:00

Samsung Electronics is a big company.

Its profit for the third quarter is not as bad as experts expect. The memory chip market is in trouble. But things are starting to get better. Samsung’s shares go up by 3.3%. It is better than the wider market’s 1.4% increase.

Samsung believes that its profit from July to September will be about 1.7 billion dollars. It is much less than last year. But it is still better than what most experts think.

An expert says that things are looking good. The chip business is not great right now, but it will get better in the future.

Difficult words: profit (money which a company makes), market (an area of business), share (one part of a company which people buy).

You can watch the original video in the Level 3 section.

What impact has the current memory chip market had on other industries?


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