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Samsung’s profit plummets amid global economic woes

The logo of the Samsung Electronics Co. is seen at its office in Seoul, South Korea, Tuesday, Jan. 31, 2023. Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Ahn Young-joon) Employees walk past a logo of the Samsung Electronics Co. at its office in Seoul, South Korea, Tuesday, Jan. 31, 2023. Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Ahn Young-joon) A man passes by an advertisement of Samsung Electronics' Galaxy Z Fold4 and Z Flip4 at its shop in Seoul, South Korea, Tuesday, Jan.31, 2023. Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Ahn Young-joon) A woman passes by an advertisement of Samsung Electronics' Galaxy Z Flip4 at its shop in Seoul, South Korea, Tuesday, Jan. 31, 2023. Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Ahn Young-joon) Visitors try out Samsung Electronics' Galaxy Book2 at its shop in Seoul, South Korea, Tuesday, Jan. 31, 2023. Samsung Electronics said Tuesday its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Ahn Young-joon) FILE - A visitor walks near the logo of Samsung Electronics in Seoul, South Korea, on Oct. 28, 2021. Samsung Electronics says its profit for the last quarter plummeted nearly 70% as a weak global economy depressed demands for its consumer electronics products and computer memory chips. (AP Photo/Lee Jin-man, File)
Samsung’s profit plummets amid global economic woes