Samsung narrows profit drop in Q4 as chip demand begins rebound
Samsung said on Tuesday in its preliminary earnings guidance for the fourth quarter of 2023 that it expects operating profit of 2.8 trillion won and sales of 67 trillion won for the quarter. Operating profit dropped 35% from a year ago and revenue by approximately 5% over the same period.Despite the poor performance, it is Samsung's best quarterly profit of a harsh year that was marred by the downturn in the chip market and sluggish demand for consumer electronics.Taking the fourth quarter earnings into account, the!-->>…