Credit: Robert Triggs / Android Authority
- Samsung is projecting its lowest quarterly profit in eight years.
- The slump comes from a weakened demand for chips and smartphones.
- Samsung blames the current global economic situation, high cost of living, and rising interest rates for the situation.
Earlier today, Samsung reported that its fourth-quarter profit would slump to an eight-year low owing to weak chip and smartphone demand amidst the bruised global economic situation.