( Natural News ) Global electronics manufacturing giant Samsung’s operating profits dropped by 69 percent in the fourth quarter of 2022.
The downturn reduced Samsung’s operating profit to $3.4 billion in the quarter that ended in Dec. 2022 . The company has cited the diminished demand for electronics products and semiconductors resulting from the slowing global economy as the main cause of the drop. (Related: South Korea to spend $450 billion in bid to become world’s leading chipmaker .)
“Amid continued external uncertainties, including a potential global economic downturn, overall earnings decreased sharply quarter-on-quarter as we saw a significant drop […]
Article Source: www.naturalnews.com
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