Samsung Electronics' operating profit for the second quarter was 600 billion Korean won

On July 7th, according to Samsung Electronics' expected performance data for the second quarter of 2023, the company's sales in the second quarter of this year were approximately 60 trillion won (currently equivalent to 333 billion yuan), a year-on-year decrease of 22.3%; The operating profit is approximately 600 billion Korean won (currently equivalent to 3

On July 7th, according to Samsung Electronics' expected performance data for the second quarter of 2023, the company's sales in the second quarter of this year were approximately 60 trillion won (currently equivalent to 333 billion yuan), a year-on-year decrease of 22.3%; The operating profit is approximately 600 billion Korean won (currently equivalent to 3.33 billion yuan), a year-on-year decrease of 95.7%.

Among them, although the operating profit data is 231% higher than the market expectation (181.3 billion won) calculated by Yonhap, it also sets a new record for the lowest level in more than 14 years after the first quarter of 2009 (590 billion won).

Analysis has pointed out that Samsung Electronics' losses this quarter are mainly due to the further decline in storage chip prices and a significant reduction in inventory value. Its traditional largest profit department, the chip department, may experience quarterly losses of approximately 3 trillion to 4 trillion won (currently around 16.64 billion to 22.19 billion won).

According to TrendForce data, the prices of DRAM memory chips widely used in smartphones, personal computers, and servers continued to decline this quarter, dropping by about 13% to 18%, as chip buyers stopped purchasing new chips and ran out of inventory.

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