to further tighten finances spurred by concerns over deteriorating consumer sentiment caused [by] continued high global interest rates and weak economic outlooks". Against that backdrop, the Galaxy smartphone maker "saw a significant drop in the memory business results due to lackluster demand and also weaker sales of smartphones," it added.
Samsung predicts 50% rise in Q1 profit
The company likely to release full results on April 28.Samsung sees 52% jump in profits
The firm was boosted by record sales in 4th quarter.
