Samsung just recorded its lowest profits in 14 years on the back of cratering demand for memory products. Samsung Memory falls under the brand's semiconductor unit, and over the course of the last decade, this has been the biggest revenue driver for the South Korean giant. But in the latest quarter, the business recorded a loss of $3.4 billion on the back of unsold inventory and decreased demand, taking a huge chunk out of Samsung's profit margins.
Samsung is predicting a turnaround for its memory business in the latter half of the year, but until then, it's turning to its phone unit to drum up some much-needed profits. There's good news on that front, as a recent bill-of-materials analysis of the Galaxy S23 Ultra by the folks at Counterpoint Research suggests Samsung is making a decent profit off of its flagships.
