Samsung projects lowest profits in 8 years owing to weak smartphone demand
Credit: Robert Triggs / Android Authority
Samsung is projecting its lowest quarterly profit in eight years.
The slump comes from a weakened demand for chips and smartphones.
Samsung blames the current global economic situation, high cost of living, and rising interest rates for the situation.
Earlier today, Samsung reported that its fourth-quarter profit would slump to an eight-year low owing to weak chip and smartphone demand amidst the bruised global economic situation.
