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Samsung’s profit plunged 95% amid weak memory chip demand

Samsung's profit plunged 95% amid weak memory chip demand

Samsung at the Mobile World Congress 2023 on March 2, 2023, in Barcelona, Spain. (Photo by Joan Cros/NurPhoto via Getty Images)

Joan Cros | Nurphoto | Getty Images

South Korean electronics giant Samsung’s operating profit plunged in the first quarter as prices for its memory chips continued to fall and demand remained weak.

Here are Samsung’s earnings at a glance in the first quarter: 

Revenue: 63.75 trillion Korean won (about $47.6 billion)….


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