Samsung expects Q1 profit to plunge 95%
Samsung says January-March operating profits are expected to drop 95.7% to ₩600 billion, their lowest level since the first quarter of 2009. – EPA pic, April 7, 2023.
SAMSUNG Electronics said today it expected first-quarter operating profits to plunge over 95% on-year to a 14-year low, as memory chip sales were hammered by a global downturn. The South Korean tech giant said in a regulatory filing January-March operating profits were expected to drop 95.7% to ₩600 billion , their lowest level since the first quarter of 2009.
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