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Samsung's chip division reported a nearly 50-fold rise in profit, marking a strong recovery from the sector's recent downturn. The company also warned that a global chip supply shortage is set to worsen by 2027, pointing to a growing gap between demand and production capacity.
Apple posted record March quarter revenue, with China sales rising 28% year on year. The result marks a strong rebound in Apple's third-largest market, where local rivals had been gaining share. Investors will watch whether the China momentum carries into the June quarter.
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Samsung's chip division reported a nearly 50-fold rise in profit, marking a strong recovery from the sector's recent downturn. The company also warned that a global chip supply shortage is set to worsen by 2027, pointing to a growing gap between demand and production capacity.
2mo ago · 1 min · Markets
Apple posted record March quarter revenue, with China sales rising 28% year on year. The result marks a strong rebound in Apple's third-largest market, where local rivals had been gaining share. Investors will watch whether the China momentum carries into the June quarter.
2mo ago · 1 min · Markets
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