Samsung posts record revenue in 2022, but dwindling profits

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Samsung published its financial results for the final quarter of 2022 and the fiscal year, and once again, it managed to reach record revenue for the full 12 months - KRW 302.23 trillion (about $244 billion). This is an 8% increase compared with 2021; however, operating profit was KRW 43.38 trillion, 15% less than it was the previous year. The Q4 period was underwhelming for the Korean company, as it recorded a decline in sales in virtually all divisions because of weak demand caused by the global economic slowdown. The Mobile Experience (MX) division saw a 9% YoY decline in...



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