Samsung to Continue Expansion Plans, R&D Investments Despite Decline in Demand
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Revenue for the fourth quarter of 2022 declined sequentially by 8.2% to 70.5 trillion South Korean won. Samsung saw a sequential decline in gross profit of 6.9 trillion won “due to the impact of a significant price decline and an inventory valuation loss in Memory, coupled with weak sales of smartphones,” the firm said.
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Too Long; Didn’t Read
Revenue for the fourth quarter of 2022 declined sequentially by 8.2% to 70.5 trillion South Korean won. Samsung saw a sequential decline in gross profit of 6.9 trillion won “due to the impact of a significant price decline and an inventory valuation loss in Memory, coupled with weak sales of smartphones,” the firm said.
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