SEOUL -- Samsung Electronics' operating profit likely fell 35% in the fourth quarter of 2023 from the same period the year before as a prolonged slump continues to affect the world's biggest memory chipmaker and the broader industry. But a significant improvement from the third quarter with a boost from memory chip demand indicates that 2024 will be better.
Samsung on Tuesday issued quarterly guidance showing that it expects operating profit to have totaled 2.8 trillion won ($2.1 billion) for the three months through December. Revenue, meanwhile, is pegged at 67 trillion won, down 4.9% from the previous year.
