- Samsung Electronics predicts profits to plunge by 96% in the second quarter of 2023 as weak demand for memory chips persists.
- The forecasted operating profit of around $459 million would be the company’s lowest quarterly profit since Q1 2009.
- The company also predicted a 17.4% decline in Q2 revenue, dropping to 63.75 trillion Korean won from 77.2 trillion Korean won a year ago.
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