Galaxy S23 sales offer a glimmer of hope for struggling Samsung
TL;DR Summary
Samsung expects a 96% drop in operating profit in Q1 2023, the biggest in almost 15 years, due to a significant drop in semiconductor demand. The company plans to reduce losses by cutting down on semiconductor output, including memory chips. However, sales of the Galaxy S23 series helped cushion the blow. Samsung is expected to release its complete quarterly earnings later this month.
- Samsung Expects Its Operating Profit To Drop By 96 Percent, The Biggest In 14 Years, But Company's Flagship Phone Sales Are Thriving Wccftech
- Galaxy S23's great performance is now Samsung's biggest hurdle SamMobile - Samsung news
- Samsung's most expensive Galaxy S23 model is dominating sales Android Police
- Good Galaxy S23 sales may have kept Samsung afloat for a change as chips didn't cut it PhoneArena
- Samsung's having a terrible financial year The Verge
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