Samsung says profits dropped by two thirds as global slowdown bites

Samsung Electronics Store and Office Building As The Company Releases Preliminary Earnings Image: Getty

Samsung has just released its earnings guidance for the three months ending December 31st 2022, and they don’t contain great news for the South Korean tech giant. The figures suggest Samsung may have just had its least profitable quarter in eight years, Reuters notes, as the global economic slowdown hits the company’s core chip making and consumer tech businesses.

Operating profit is estimated to have fallen ...

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