Groupon's revenue fell 37% in May from a year earlier, Pan Jiancheng said there was limited room for further price cuts for NAND.

[Groupon's May revenue fell 37% year on year Pan Jiancheng said there was limited room for further price cuts in NAND] Science and Technology Innovation Board Daily reported on the 11th that Groupon's revenue in May was NT $3.202 billion, down nearly 4.91% from the previous month and 37.22% from the same period last year. Pan Jiancheng, chief executive of Groupon, said that due to the poor global environmental and economic conditions, end customers and consumers cut back on spending, resulting in global customers taking a relatively conservative attitude towards future demand, not daring to actively prepare materials or substantially upgrade product specifications, so that in the third quarter, which was originally expected to be the traditional peak season, it is still necessary to observe the needs of system customers to prepare materials. In addition, the upstream suppliers are already facing huge losses, the room for further price reduction of NAND is very limited, and the only variable is still demand momentum.