Samsung posted its financial results for the fourth quarter and the calendar 2023, and the results are disappointing, to put it mildly. Total sales fell down on a yearly basis for a second year in a row, and this time, the decline was 14%.
Operating profit for the whole of 2023 was just KRW 6.57 trillion ($5 billion) – nearly seven times less than the KRW 43.38 trillion ($32.58 billion) posted in 2022.
The company said that Q4 revenue and profit increased, compared with the previous three-month period, mostly due to improved performance and higher prices of memory, as well as the…
