Samsung's smartphone business is expected to receive a significant boost with the recent arrival of the Galaxy Z Fold 5 and the Galaxy Z Flip 5. However, the manufacturer will also have to deal with the upcoming lineup of Apple iPhone 15 models, rumored to pick up a bevy of new upgrades, especially in the camera department. The manufacturer has now published its quarterly financial report for the second quarter of 2023, showing operating profits dropping by 95% year-over-year, mostly due to weakened demand for chips.
