Yet the article says Samsung attributes that to the phones market?

Samsung attributes this loss in profit to the decline in smartphone shipments due to “high interest rates and inflation.”

Something else that doesn’t seem to bode well is the fact that Samsung believes the boost that came from the launch of the Galaxy S23 series has faded.

And expects a comeback because it’s launching new models…

The manufacturer highlights the launch of the Galaxy Z Flip 5 and Galaxy Z Fold 5. It also believes that the smartphone market will make a return.

This seems to indicate that most variable profit comes from the smartphones market.