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Technology

Derrek Lee

The Galaxy S23 is a hit worldwide, but Samsung expects profit to take a big hit

The green Samsung Galaxy S23 Ultra with its S Pen on the back

What you need to know

Samsung boasts about the popularity of its Galaxy S23 series as worldwide sales of the device surpass its predecessor.
The company also announced guidance for its Q1 2023 financial earnings.
Samsung's guidance suggests a massive drop in profit and a decrease in sales revenue.

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