Samsung's profit plunges to 14-year low from heavy loss by chip division
But Samsung expects demand for chips to gradually rebound in the second half of the year.
But Samsung expects demand for chips to gradually rebound in the second half of the year.
Operating profit nosedived by 96% year-on-year. Here's why.
The tech giant's Galaxy Book Series of notebooks is gaining more traction two years after the category launched.
Consumers may be sheltering from the stormy economic weather right now, but large tech companies like Samsung have other ways of tempting you into their marketplaces.
Samsung's smartphone boss TM Roh also said the company was aiming to sell 10% more of the Galaxy S23 series compared to S22 despite the global economic downturn.
Samsung expects macroeconomic uncertainties to continue up to the first half of 2023.
Samsung's fourth-quarter operating profit dipped nearly 70% year-on-year as demand for memory chips continues to decline.
In its year's end reshuffle, Samsung also said it will retain the positions of its two CEOs due to the current "harsh business reality".
The Samsung heir has taken the top position of South Korea's largest technology conglomerate which remained vacant for two years since his father's death in 2020.
But the South Korean tech giant said it expects its annual revenue this year to be its highest to date thanks to expanded sales across the board.