Samsungs Quarterly Profit Set to Hit 6Y Low as Consumers Hunker Down
SEOUL, Jan 5 Reuters Samsung Electronics Co Ltd39;s quarterly profit will likely plunge 58 to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for the memory chip industry. With consumers and businesses reducing spending and investment in the face of high inflation and climbing interest rates, smartphone […]