96% drop in Q2 profit expected at Samsung

Last year’s Q2 operating profit was $10.7 billion.

Q2 revenue is expected to be down 22% y-o-y at $46 billion.

It’s Samsung’s lowest level of profit for any quarter since the $452 million recorded  in Q1 2009.

In Q1 this year Samsung’s chip business made a $3 billion loss as the company maintained its capex in a falling market.

In the Q2 figures, to be announced on July 27th, the loss is expected to be smaller as memory pricing begins to harden.