Future Tech

Samsung Electronics' Q4 profit falls 34% amid weak consumer demand

Tan KW
Publish date: Wed, 31 Jan 2024, 09:46 AM
Tan KW
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Future Tech

SEOUL - Samsung Electronics reported a 34% drop in fourth-quarter profit on Wednesday, as weak consumer demand for TVs and home appliances outweighed a recovery in the global memory chip market.

The world's biggest maker of memory chips said operating profit fell to 2.8 trillion won ($2.11 billion) in October-December, versus 4.3 trillion won a year earlier.

 


  - Reuters

 

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