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Micron warns weakening consumer demand will hurt smartphone sales

by Editor July 1, 2022, 3:43 pm 1.4k Views

Micron warns weakening consumer demand will hurt smartphone sales

Sanjay Mehrota, Micron Technology President & CEO at the WEF in Davos, Switzerland on May 24th, 2022.

Adam Galica | CNBC

Micron Technology, a major vendor of memory chips for PCs and smartphones, said on Thursday that it expects smartphone sales to be meaningfully lower than previously expected for the rest of 2022, citing a reduction in consumer demand.

Micron CEO Sanjay Mehrotra said on an earnings call with analysts that he expected…

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