Samsung has reported for the first quarter of 2023. The company’s operating profit fell 95% to $478.6 million, the lowest in 14 years.
Samsung net profit decreased by 87%, to $1.1 billion. Sales were registered by 18% and amounted to $47 billion.
The company’s poorly regulated financial performance is low consumption due to global macroeconomic uncertainty. Samsung has also experienced a drop in blood sugar levels.
Samsung expects chip demand to gradually recover in the second half of 2023. [Nasdaq]
Source: Iphones RU
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