New Delhi, July 8 -- Samsung Electronics reported its first profit decline since 2023, highlighting its growing struggles with market share in the AI-driven era.

In the June quarter, the company's operating profit dropped by a sharper-than-expected 56 per cent, largely due to inventory write downs triggered by U.S. export restrictions on AI chips destined for China.

Samsung posted a preliminary operating profit of 4.6 trillion won ($3.3 billion) for the June quarter, marking its lowest since 2023 and falling short of analysts' expectations.

Revenue remained steady at 74 trillion won. A complete financial report, including net income and a breakdown by divisions, will be released later this month.

These underwhelming earnings reveal ho...