Samsung's 4th-Quarter Profit Hits 8-Year Low

Samsung quarterly profits plunge to 8-year low on demand slump

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales. The South Korean tech giant said operating profits for the October to December period slumped to…

Samsung’s Q4 profits plummet 69 percent, hit 8-year low

And the Galaxy S23 launch tomorrow probably won't save Samsung.

Samsung recorded a 39.5% increase in net profits in 2022

Thanks to the recovery in the last quarter, with a 120% increase in net profit, Samsung registered a 39.5% increase in net profit in 2022 to 55.65 billion won (41.6 billion euros).

Samsung says Q4 profits plunge 69% to 8 year low on demand slump

Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales. The South Korean tech giant said operating profits for the October to December period slumped to 4.3 trillion won ($3.4 billion), a 69 percent drop from a year earlier. The drop is in line with the estimate Samsung released ear…

Samsung’s profit plummets amid global economic woes

Samsung Electronics said on Tuesday that its profit for the last quarter plummeted nearly 70% as the weak global economy depressed demand for its consumer electronics products and computer memory chips.

Samsung’s profit plummets amid global economic woes

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