Samsung Q1 earnings guidance reveals plummeting profits

Samsung posted its Q1 earnings guidance, and it shows results bleaker than anything we've seen in over a decade. Sales will be between KRW 62-64 trillion (about $48 billion), 10% down QoQ and almost 20% down on a yearly basis. Operating profit will be just about KRW 0.5-0.7 trillion ($455 million), which is a six-fold decline from the previous quarter and a staggering 95% decline from the KRW 14.12 trillion profit the same time last year. (all units inKRW / USD) Q1 2023Earnings Guidance Q4 2022 QoQ Change Q1 2022 YoY Change Sales 63...