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Tag Archives: SAMSUNG QUARTERLY PROFITS PLUNGE TO 8 YEAR LOW ON DEMAND SLUMP

SAMSUNG QUARTERLY PROFITS PLUNGE TO 8 YEAR LOW ON DEMAND SLUMP


January 31, 2023

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 …

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