Samsung's profits decline in Q4 2023, targets double-digit growth for flagship smartphones |
Samsung recently published its earnings report for Q4 of 2023, which ended on December 31st, 2023. The company's consolidated revenue for the quarter was 67.78 trillion won (around $50.78 billion). This is a decrease of 3.8% YoY but an increase of 0.56% QoQ. Samsung's operating profit for this quarter was 2.82 trillion won (around $2.11 billion. This is down by 34.5% YoY, mainly due to uneven chip demand. It is the fourth consecutive quarter in which Samsung has seen a decline in operating profit.