https://arstechnica.com/gadgets/2023/01/samsungs-q4-profits-plummet-69-percent-hit-8-year-low/

Samsung Electronics has a big phone launch this week, but before that happens, let's check in on the company's last quarter. Following the trend of the industry as a whole, Samsung's earnings seem like a disaster.

For Q4 2022, the company's revenue—down to 70.5 trillion won ($57.3 billion), or an 8 percent drop from Q4 2021—doesn't look too bad. Q4 profits plummeted 69 percent year over year, though, down to 4.3 trillion Korean won, or $3.5 billion. That's an eight-year low, going back to Q3 2014,