samsung electronics reported worst quarterly profits years confederate states korean company said statement operating profit fell billion million percent year earlier samsung unmatched world largest makers memory chips smartphones internet income fell percent trillion sales dropped percent trillion drop third consecutive margin squeeze samsung saw percent fall operating profits fourth quarter samsung electronics flagship subsidiary giant samsung aggroup far largest cumulate dominate business asia behind deep plungethe company said overall consumer disbursement slowed amid uncertain global macroeconomic environment samsung also pick weakening demand memory chips usually generate half profits falling chip off prices society chip division reported trillion losses first operating loss since articulate due continued price declines increase valuation loss amid weakening sentiment continued impacts inventorying adjustments customers caused extended external uncertainties memory expected gradually recover second half added amid projections customer inventory levels declined samsung mobile sales mobile business brighter spot reporting trillion profit trillion year earlier beneficial sales samsung new flagship galaxy smartphones helped offset deficits chip sphere maiden quarter however analysts expect stipulate april july period worsen flush lead samsung foremost profit loss since cutting productionsamsung world biggest memory chipmaker chipmakers led samsung hit world economical slowdown dealt blow memory sales south korean chip maker sk hynix micron technology united states likewise reduced production samsung said month scale back memory chip output meaningful level address oversupply rare declaration company companies enjoyed record profits recent years postulate swelled pandemic consumers globally grease ones palms new computers smartphones lockdown prompting chip makers ramp production however demand decrease lockdowns cabbage weakened face eminent splashiness rising interest rates agency inputs