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Samsung's quarterly profits hit 8-year low as chip and smartphone demand crash

Samsung's broad portfolio had seen it weather global industry crises in the past, including the chip shortage in 2021 when its earnings reached a new record. But according to preliminary estimates, operating profit for the October to December quarter fell 69% year-on-year from 13.87 trillion Korean won (around $10.9 billion)...
https://www.techspot.com/news/97190-samsung-quarterly-profits-hit-8-year-low-chip.html?utm_source=dlvr.it&utm_medium=blogger

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