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Samsung Electronics said Friday it's cutting the production of its computer memory chips in an apparent effort to reduce inventory as it forecasted another quarter of sluggish profit. The South Korean technology giant in a regulatory filing said it has been reducing the production of certain memory products by unspecified meaningful levels to optimize its manufacturing operations, adding it has sufficient supplies of those chips to meet demand fluctuations. The company predicted an operating profit of 600 billion won ($455 million) for the three months through March, which would be a 96% decline from the same period a year earlier. It said it sales during the quarter likely fell 19% to 63 trillion won ($47.7 billion). Samsung, which will release its finalized first quarter earnings later this month, said the demand for its memory chips declined as a weak global economy depressed consumer spending on technology products and forced business clients to adjust their inventories to nurse
The Galaxy S23+ is a second smartphone in Samsung premium Galaxy S23 line-up. It boasts a 6.6-inch FHD+ (2340 x 1080) Dynamic AMOLED 2X of adaptive refresh rate (48Hz-120Hz). It sports a 50MP f1.8 dual-pixel (wide) + 12MP f2.2 dual-pixel (ultra-wide) + 10MP f2.4 (3x telephoto) camera system. On the front, the phone has a 12MP F2.2 dual-pixel camera sensor. Powered by the Qualcomm Snapdragon 8 Gen 2 for Galaxy, the phone boots Android 13-based One UI 5.1 interface. It is offered in 8GB RAM and up to 512GB on-board storage