Samsung Electronics Reports Lowest Quarterly Profits in 14 Years as Chip Glut Continues

1 min read
Source: Samsung
Samsung Electronics Reports Lowest Quarterly Profits in 14 Years as Chip Glut Continues
Photo: Samsung
TL;DR Summary

Samsung Electronics has announced its earnings guidance for the second quarter of 2023, with consolidated sales estimated to be around 60 trillion Korean won and consolidated operating profit estimated to be around 0.6 trillion Korean won. These figures represent the median of the estimate ranges provided.

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