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

Google Unified Security brings the power of AI to your security suite

Google unveils combined security suite at Cloud Next 25 Google Unified Security brings together all its top safety tools Threat Intelli...