Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand (CNBC)

by #AI January 5, 2023 · Automatic

CNBC:
Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand — – Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices.