The forecasts anticipate an operating profit of 2.3 trillion Korean won ($1.7 billion), marking a 78.7% decline year-on-year, and revenue of 67.8 trillion won, down by 11.6%.
Samsung, the world's leading memory chip and smartphone manufacturer, is grappling with falling memory chip prices resulting from an oversupply and reduced demand for smartphones and laptops, CNBC reports.
Also Read: TSMC Fastracks Completion Of US Plant As Samsung Gets Aggressive With Foundry Ambitions
The semiconductor business, usually Samsung's profit generator, is forecasted to incur a loss exceeding 3 trillion won in the third quarter. Despite reducing production to stabilize prices, the third-quarter results will not likely reflect the impact.
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