Samsung Electronics Announces Fourth Quarter and FY 2022 Results
For the full year, it reported 302.23 trillion in annual revenue, a record high and KRW 43.38 trillion in operating profit.
Macroeconomic uncertainties expected to persist; anticipates demand to begin recovering in 2H.
For 2023, Samsung expects the impacts of the economic downturn to continue for the time being. However, analysis of smartphone purchase patterns suggests that demand will continue to polarize between premium and low-priced phones.