Following yesterday’s big Unpacked event, Samsung published its financial report for Q2 2023. The results are on par with the previously posted guidance and show yet another gradual decline compared to the values from a year ago. Revenues for the April, May and June months totaled KRW 60.01 trillion ($46.89 billion) which is a 22% decrease compared to Q2 2022. Operating profit for Q2 2023 was KRW 0.67 trillion ($523.52 million) which is a 95% drop from last year’s KRW 14.12 trillion. Samsung’s press release states that declining smartphone shipments were the main reason behind the...
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