Samsung registers worse-than-expected Q4 2024 profit on weak demand

Samsung today announced preliminary results for the fourth quarter of 2023 with sales of 67 trillion won and operating profit of 2.8 trillion won on a consolidated basis.

For the fourth quarter performance, compared to the previous quarter, sales decreased by 0.59% and operating profit increased by 15.23%, compared to the same period last year, sales decreased by 4.91% and operating profit by 35.03%.

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In the first quarter of this year, Samsung’s overall sales performance and profit will likely increase. The company is returning its Exynos chipset to the smartphone business, while the Galaxy S24 series is also coming, which will surely push the company’s business.

// Samsung