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