A South Korean naitonal flag and a Samsung flag flutter outside the company’s Seocho building in Seoul in October 2022. Photo: AFP
A South Korean naitonal flag and a Samsung flag flutter outside the company’s Seocho building in Seoul in October 2022. Photo: AFP
Asia Tech

Samsung profit tumbles 69 per cent in historic drop on memory chip price slump

  • Earnings slumped 69 per cent last quarter, missing market consensus as average selling price crashed
  • Samsung may have to cut back on capital expenditure as rivals began trimming costs and workforce to counter industry weakness: Citigroup

A South Korean naitonal flag and a Samsung flag flutter outside the company’s Seocho building in Seoul in October 2022. Photo: AFP
A South Korean naitonal flag and a Samsung flag flutter outside the company’s Seocho building in Seoul in October 2022. Photo: AFP
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