Just a few days ago, we reported that the Samsung Galaxy S23 series is selling quite well, with the Ultra variant leading the charge. However, Samsung is an enormous company, and just because its mobile division appears to be doing fine doesn’t mean the company as a whole is doing well.
Case in point, Samsung today announced its earnings guidance for Q1 2023 (h/t Ars Technica). The numbers presented are quite sobering. According to the company’s own metrics, it stands to report a profit drop of 95.8% year over year (YoY) when compared to Q1 2022.
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