As always, the growth of mobile phones is high, and the growth of AUTO is even more eye-catching. So will there be layoffs?
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You think u are smarter than Wallstreet?! The CEO is forecasting flat demand for mobile=> AI on the edge=cr*ap short term+midterm at least!
"Stock price reaction is not always a good indicator."
The stock price can drop fairly quickly.
It is a very poor indicator of what can happen in the future.
The numbers are not bad.
Stock price reaction is not always a good indicator.
Look at the company selling used cars cvna..
Or gme
Or AMC
Etc etc
"Get ready for some serious economic pain to certainly follow."
The economy is already a joke along with the numbers we are being given.
This skirmish is meant as a distraction to that.
Share price tell everything down 20% from peak. 10% lay off in October.
Wider war is now inevitable (thanks to GCL's) in the middle east. Iran will shut down the straight of hormuz. Get ready for some serious economic pain to certainly follow. Buckle up ya'll, we're in for one helluva ride.
No, it's not! Mobile segment sales flat (look at the stock), Get ready for layoffs!
no layoff
CFO said no opex reduction planned