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The world’s largest maker of smartphones projected a 35% year-over-year fall in fourth-quarter operating profit on Tuesday amid weak demand for consumer electronics, which has been crimped by high inflation.
3D NAND memory will keep gaining capacity and performance in the coming years, Samsung believes.
The company posts $47 billion in revenue, a 6% decline from the previous quarter, due to reduced smartphone shipments.
Continuing poor market for PCs and servers dooms first quarter results for two of the largest semiconductor suppliers.
Samsung has announced its financial results for the first quarter of 2023, the company has quarterly revenue of KRW 63.75 trillion and an operating profit