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Stocks Plunge as JB Hi-Fi Warns of Sharp Spending Downturn
Nick Wells said some brands lifted prices by as much as 50% as semiconductor production shifts to AI servers and data centres.
Summary by 7NEWS Australia
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5 Articles
5 Articles
The cost of laptops, smartphones, and gaming devices continues to rise, with wholesale prices for some products increasing by as much as 50%. Consumers have begun to reduce their purchases of these increasingly expensive products, squeezing retailers' profit margins.
·New York, United States
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Total News Sources5
Leaning Left3Leaning Right1Center0Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
R 25%
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