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The student news site of Conrad Schools of Science

The Conrad Howler

The student news site of Conrad Schools of Science

The Conrad Howler

    Samsung Loses Profit as Economy Weakens

    Samsung+Loses+Profit+as+Economy+Weakens

    The global economic slowdown has hit memory chip prices and demand for electronic gadgets. Because of this, Samsung expects its profits from the last three months of 2022 to have fallen by 69%. This is the lowest it has reached in eight years. Samsung stated that consumers had cut their stocks of the critical components for digital devices. They will officially publish their full financial statement on the 31st of January. Samsung isn’t the only company struggling, as thousands of workers worldwide are laid off in the technology industry.

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    About the Contributor
    Paola Martir, Reporter
    Hi, my name is Paola Martir. I've been enrolled at Conrad since the 6th grade. I'm currently a senior and my pathway is Biotechnology. In my free time I like to listen to music, hangout with my friends, and play video games. I joined journalism so I can learn more about current events and keep myself informed

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