A report from The Real Deal on New York. "Exactly one year ago, New York’s…
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From the first 18:41 video:
Stop Misleading People With Your Toronto Home Prices – Mar 29
Team Sessa Real Estate
Apr 4, 2023 CANADA
Toronto Real Estate Market Report for the week of Mar 23 – Mar 29, 2023.
The second 15 minute video:
Prices Are Shifting Lower, Governments Smoke & Mirrors Budget, 2023 Canadian Housing Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
Apr 4, 2023
Yet again the Canadian Government Talks Big but Excludes Canadians from Homeownership. How the 2023 Budget will affect Real Estate In Canada. Prices have shifted from higher price points to much lower in Q1, 2023. Check out the latest chart and data that shows where demand is. I also take a closer look at Burlington and Kingston, Ontario.
Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.
The launch of a new flagship smartphone is expected to have supported mobile profits, but its chip division likely reported quarterly losses of more than 3 trillion won ($2.3 billion) as memory chip prices fell and its inventory values were slashed, analysts said.
Samsung, the world’s biggest maker of memory chips, TVs and smartphones as of 2022, is a bellwether for global consumption trends. It is expected to announce preliminary first-quarter results on Friday and full results later this month, in what is typically a seasonally weak period.
Operating profit likely fell to 1.08 trillion won in the quarter ended March 31, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
That is lowest since a 590 billion won profit in the first quarter of 2009, according to company data, and compares with an operating profit of 14.12 trillion won last year.
Prices of DRAM memory chips, widely used in smartphones, PCs and servers plunged about 20% during the quarter, while prices for NAND flash chips used in data storage fell about 10% to 15%, according to TrendForce data.
When people are broke because necessities’ prices keep rising, they don’t have money to buy toys.
Also, the move to the cloud, which needed many new data centers, appears to be leveling off.
It is amusing how DRAM manufacturers always get caught off guard when demand tanks. The same is true of secondary storage (disks, Flash storage) manufacturers. It is well known in the tech industry that if you work at either you will eventually be laid off. And now with the move from disks to solid state, it’s even worse, as being specialized in disk drive mechanics and electronics is suddenly not a very marketable skill anymore.
Layoffs deplete Citizens Bank’s home mortgage division
The Real Deal|15 hours ago
Citizens Bank laid off staff from its home mortgage division March 30 as home lending remains moribund across the nation.
as home lending remains moribund across the nation
That’s a polite way of putting it. I was thinking of something that involves commodes.
From the first 18:41 video:
Stop Misleading People With Your Toronto Home Prices – Mar 29
Team Sessa Real Estate
Apr 4, 2023 CANADA
Toronto Real Estate Market Report for the week of Mar 23 – Mar 29, 2023.
The second 15 minute video:
Prices Are Shifting Lower, Governments Smoke & Mirrors Budget, 2023 Canadian Housing Market
Jon Flynn Broker of Record, Flynn Real Estate Inc.
Apr 4, 2023
Yet again the Canadian Government Talks Big but Excludes Canadians from Homeownership. How the 2023 Budget will affect Real Estate In Canada. Prices have shifted from higher price points to much lower in Q1, 2023. Check out the latest chart and data that shows where demand is. I also take a closer look at Burlington and Kingston, Ontario.
Samsung Electronics Co Ltd’s first-quarter profit is expected to plunge 92% to the lowest for any quarter in 14 years, as a chip glut worsens and buyers like data centres and computer makers slow purchases amid a global economic slowdown.
The launch of a new flagship smartphone is expected to have supported mobile profits, but its chip division likely reported quarterly losses of more than 3 trillion won ($2.3 billion) as memory chip prices fell and its inventory values were slashed, analysts said.
Samsung, the world’s biggest maker of memory chips, TVs and smartphones as of 2022, is a bellwether for global consumption trends. It is expected to announce preliminary first-quarter results on Friday and full results later this month, in what is typically a seasonally weak period.
Operating profit likely fell to 1.08 trillion won in the quarter ended March 31, according to a Refinitiv SmartEstimate from 27 analysts, weighted toward those who are more consistently accurate.
That is lowest since a 590 billion won profit in the first quarter of 2009, according to company data, and compares with an operating profit of 14.12 trillion won last year.
Prices of DRAM memory chips, widely used in smartphones, PCs and servers plunged about 20% during the quarter, while prices for NAND flash chips used in data storage fell about 10% to 15%, according to TrendForce data.
https://www.msn.com/en-gb/money/other/samsung-quarterly-profit-set-to-hit-14-year-low-amid-chip-glut/ar-AA19tFVK
When people are broke because necessities’ prices keep rising, they don’t have money to buy toys.
Also, the move to the cloud, which needed many new data centers, appears to be leveling off.
It is amusing how DRAM manufacturers always get caught off guard when demand tanks. The same is true of secondary storage (disks, Flash storage) manufacturers. It is well known in the tech industry that if you work at either you will eventually be laid off. And now with the move from disks to solid state, it’s even worse, as being specialized in disk drive mechanics and electronics is suddenly not a very marketable skill anymore.
Layoffs deplete Citizens Bank’s home mortgage division
The Real Deal|15 hours ago
Citizens Bank laid off staff from its home mortgage division March 30 as home lending remains moribund across the nation.
as home lending remains moribund across the nation
That’s a polite way of putting it. I was thinking of something that involves commodes.