Samsung Electronics published its earnings guidance report for Q4 2022 and the preliminary numbers are not looking good. Samsung reported a consolidated operating profit estimate of KRW 4.3 trillion ($3.38 billion) for the October-December quarter. The figure represents a 69% dip compared to Q4 2021 values. The estimated Q4 profit would be Samsung’s lowest since Q3 2014.
Quarterly revenue estimates are down by 9% to KRW 70 trillion ($55 billion). Decreased demand for smartphones and memory chips in particular are the main drivers for Samsung’s negative financial results. Analysts…
