Thursday, June 30, 2022

Micron Forecasts Q4 Earnings Below Expectations, Raises Concern About Chip Down Cycle

Micron announced a significantly weaker than expected business outlook on Thursday. The company forecast adjusted revenue for the current quarter at $7.2 billion (nearly Rs. 56,800 crore), plus or minus $400 million (nearly Rs. 3,200 crore). This has raised concern that following nearly two years of strong demand, the industry was turning towards a down cycle.

from Gadgets 360 https://ift.tt/p0XZSsF

No comments:

Post a Comment

Black Friday Deal: 89% off Pure VPN's 5-year plans

PureVPN has been delivering incredible VPN services since 2007. As a result of their products, users can enjoy freedom on the internet and ...