Revenue is also expected to decline by 12.7% year-on-year. This decline is part of a difficult period in which Samsung has reported significant losses in recent months.
Global economic uncertainty has led consumers to use their smartphones and laptops for longer, resulting in reduced demand. Additionally, Samsung, the world’s leading memory chips and smartphone manufacturer, was also affected by semiconductor supply issues.
However, the company expressed optimism that global demand will gradually recover in the second half of the year, especially in the parts sector.
At the same time, Samsung shares gained 3.5% after this announcement.
Source: Ferra
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