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Analysts said the capex cut should ease concerns over further supply growth and price declines, as prices of some memory chips have already fallen to over two-year lows and rivals are set to start new production lines next year. Samsung, one of the industry’s biggest buyers of chip-manufacturing tools, said its capital spending this year would drop by 27 percent to 31.8 trillion won ($28 billion) from a record 43.4 trillion won last year. “NAND (flash memory) chip prices will further decline through the first half of next year .. (as) Toshiba’s new production line will start and Hynix starts mass production of one of its NAND lines,” said Song Myung-sup, an analyst at HI Investment & Securities.

“Oversupply is expected to continue.”, Samsung, however, sought to assuage investor concerns of a steep downturn in the chip market, citing solid demand from boston bruins cufflinks servers as cloud-based data services grow fast, A Samsung executive said the company believed it was at the “start of a virtuous up-cycle” in chip sales to the server industry, “Temporary price changes can repeat but fundamentally we have a very strong demand base for memory,” Chun Sewon, senior vice president of Samsung’s memory marketing, told analysts..

Samsung also said it was considering converting some of its NAND production lines to make DRAM chips next year, rather than add capacity amid a glut of NAND flash chips. Samsung reported a record 17.6 trillion won operating profit in the July-September quarter, in line with the company’s estimate. With chip prices weakening after years of stellar growth, analysts expect Samsung’s fourth-quarter profit will decline by 4 percent from the third quarter’s record, according to Refinitiv data.

That will be still up 11 percent from a year ago, helped by efficiency improvements and cost-cutting in the chip business, which accounts for nearly four-fifths of Samsung’s operating profit, “Since Samsung continues to reduce the costs of (semiconductors), it is not very likely to witness a so-called hard-landing situation,” said Avril Wu, senior research director at DRAMeXchange, Higher server demand would help boston bruins cufflinks the memory chip market regain stability after the first quarter of next year, Samsung said, chiming with the outlook given by South Korean peer SK Hynix last week..

Samsung’s semiconductor business booked a 37 percent rise in operating profit to 13.7 trillion won, while the mobile business posted a 33 percent fall to 2.2 trillion won. Squeezed by competition with Apple Inc in the premium segment and with Chinese rivals in other segments, Samsung’s smartphone business saw profit fall to the lowest level since the first quarter of 2017. It plans to share details of its development of foldable smartphones at a conference early next month, hoping the model will help revive its premium cache.

(Reuters) - Sprint Corp (S.N) beat Wall Street’s estimates for quarterly revenue, profit and overall net subscriber additions on Wednesday, driving shares in the No, 4 U.S, wireless carrier 9 percent higher in morning trading, Sprint, which is awaiting regulatory approval to merge with bigger rival T-Mobile US Inc (TMUS.O), focused on increasing its revenue from devices such as tablets boston bruins cufflinks and smartwatches, and getting more customers for its higher-priced unlimited phone plans, Chief Executive Michel Combes said during an earnings call with analysts..

As customers add more devices other than phones, “it should reduce churn at the end of the day, because that means more devices per account,” Combes said. Sprint reported net income attributable to the company of $196 million, or 5 cents per share, in the quarter ended Sept. 30, compared with a net loss of $48 million, or 1 cent per share, a year earlier. Analysts were expecting the company to report a loss of 1 cent per share, according to Refinitiv data. Sprint’s business seems to be stabilizing, Jonathan Chaplin, an analyst with NewStreet Research, said in a note, adding “if the deal [with T-Mobile] is approved, it will be far easier to integrate a business that is stable.”.

Sprint added a net 109,000 subscribers who pay a monthly bill during the second quarter, down from 168,000 new subscribers at the same time last year, Analysts on average had expected the company to lose a net 10,000 subscribers, according to research firm FactSet, In July, Sprint revamped its unlimited wireless plans to include a basic and premium plan, Combes previously said the higher prices for those plans could affect future boston bruins cufflinks customer additions, as the carrier tries to balance growth with profitability..

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