, Columnist
Netflix Binges Are Just Fine With Samsung
Video streaming is driving demand for memory chips, compensating for the coronavirus hit to mobile phones and TVs.
Your Netflix binge needs plenty of these.
Photographer: Tomohiro Ohsumi/Bloomberg
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Now it’s official. Even technology giant Samsung Electronics Co. is afflicted by the coronavirus and expects a tough year.
“Shrinking market and store closures make a drop in earnings seem inevitable,” the South Korean company said of its smartphone unit. A drop in consumer electronics demand was also inevitable this quarter, Samsung said. Profit will slip in its displays business, and specific categories of semiconductors would be “soft.”