A record high revenue of KRW 77.2 trillion (US$59.4 billion) was reported for the second quarter of the year. The operating profit for the first nine months of this year was KRW 14.1 trillion, which is 12 percent higher than the same period a year earlier. For the second quarter in a row, the company's Semiconductor or Device Solutions division has achieved a historical high in revenue.
In the second quarter, the DS division posted consolidated revenue of US$21.9 billion and an operating profit of US$ 7.7 billion. Due to the impact of macro issues, chip demand for consumer products, such as mobile phones and PCs, was much weaker than anticipated. The shipments came in below expectations. The company believes that there is a chance that there will be a slump in demand for consumer devices in the future.
Based on that information, you can guess that the decline in market demand was a factor affecting theMX business. Concerns over inflation andgeopolitical issues were blamed for the decline in earnings of the mobile division. The business' profitability fell because of the costs of components and logistics, it said.
Demand for new phones will likely stay the same year-on-year or show only a single-digital growth, according to the tech giant's predictions. It is hoping that the launch of new foldables will boost its sales. The next-gen foldable phones will be revealed at the Unpacked event.
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