South Korean tech giant Samsungclosed 2022 with less profitability compared to 2021. 2023 is also good for the company does not start.
Samsung will spend the last quarter of 2022 at KRW 70.4 trillion (approximately $57 billion) revenue and 4.3 trillion KRW (approximately $3.5 billion) announced that it closed with a net profit. Samsung announced revenue of KRW 76.8 trillion and net profit of KRW 10.8 trillion in the previous quarter of 2022, while in the fourth quarter of 2021 it recorded revenue of KRW 76.6 trillion and net profit of KRW 13.87 trillion. Firm in the last quarter of 2022 compared to the last quarter of 2021 8 percent of revenuein net profit full 69 percent saw a decline. 2023 will be officially announced soon The first quarter won’t be good either.. The South Korean tech giant estimates its profits in the first quarter of 2023 to be around KRW 600 billion (approximately $454.9 million), which will add up to KRW 14.12 trillion in the first quarter of 2022. (Approximately $10.7 billion) compared It means a huge drop. Samsung’s revenue will also reach KRW 77.78 trillion in the first quarter of 2023. (Approximately $58.99 billion) to KRW 63 trillion, a decrease of 19 percent compared toYapproximately $47.77 billion) decreases to the level. memory chip (DRAM and NAND FlashStating that they saw such a great decrease due to the decrease in demand on the Samsungso he explains that they will go to reduce production on that side.
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The company had previously said that 2023 will not be easy. Samsung Electronics Vice President and co-CEO Han Jong-heewith his statement at the scope of CES 2023 He stated that 2023 will be a difficult year for everyone.. Stating that everyone should be prepared to face a difficult year, the manager said, “Consecutive crises such as prolonged economic recession, geopolitical tensions, supply chain risks and climate change have greatly increased uncertainty in the market” he spoke. Reiterating Samsung’s commitment to drive growth in the robotics and metaverse areas, the CEO also emphasized that Samsung’s ability to overcome these crises will determine the success or failure of its future efforts.