Samsung’s smartphone biz posts first ever loss, but profit still soars 1,300 percent on RAM.

Samsung Electronic’s memory chip business is killing it, hitting $49.64 billion for the quarter and driving over 99 percent of its operating profit. But the price gouging created by the AI hype caused its smartphone and home-appliance businesses to post modest operating losses due to the higher cost of chips and other components. [Link: Samsung Sees Chip Crunch Through 2028 as Profit Soars to Record | https://www.wsj.com/tech/samsungs-chip-earnings-push-net-profit-to-record-cf8711bc | WSJ]

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