Just ahead of Galaxy S23 launch, Samsung expects dip in smartphone demand

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Credit: Robert Triggs / Android Authority

• Samsung has posted weak profit numbers for the fourth quarter of 2022 due to low chip demand, economic uncertainties, and customers buying fewer new gadgets.
• The company expected demand for smartphones to decrease across all segments even though it’s on the brink of launching the new Galaxy S23 series.

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Back in January, Samsung had projected a profit decline for the fourth quarter of 2022, and now, the company has posted actual numbers that show just how bad business has been for the world’s largest smartphone maker. The biggest loser was Samsung’s chip division, which saw profits plunge more than 90% in the three months ended December.

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