Samsung’s having a terrible financial year

SKOREA-ECONOMY-SAMSUNG-EARNINGS Samsung's chip business is killing profits. | Photo by JUNG YEON-JE/AFP via Getty Images

Samsung Electronics is having another bad quarter according to the company’s own preliminary estimates. This time, it’s warning that quarterly operating profit decreased 96 per cent compared to the same period last year, worse than the two-thirds plunge it suffered the three months prior. Not even robust sales of the new Galaxy S23 series could overcome a global...

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