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Samsung warns of worse than expected earnings in Q4

Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in the wake of sluggish demand and high inventory. In its earnings guidance on Tuesday, the tech giant projected its annual sales for the year at 258.1 trillion won, which is down by 14.5 percent on-year. Operating profit is. ....

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Samsung, LG to boast enhanced connectivity at IFA

At this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize energy efficiency As the IFA celebrates its 99th anniversary this year, about 2,290 companies in the fields of IT, consumer appliances and telecommunication will take part from 50 countries. The five. ....

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Samsung, LG Electronics Make Debut Appearance at IAA Mobility 2023, Eyeing Electric Auto Sector

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions. ....

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