Bloomberg Samsung Electronics Co., the world’s biggest smartphone maker, expects the smartphone market to contract in 2023. The Suwon, South Korea-based Galaxy device maker said it sees demand for mobile devices shrinking in the current year, even after the economic challenges and disappointing sales of 2022. The company detailed its biggest profit drop in over a decade, saying “the ...

  Bloomberg Arla Foods AB, the Danish maker of Lurpak butter, expects the cost of dairy products to fall sharply in 2023 in the UK after becoming a hot spot of inflation. The boss of the UK’s biggest dairy producer said he is confident that all the cost pressures facing its farmers have now passed though. The remarks open the ...

  Bloomberg Boeing Co. is studying whether an innovative plane it’s developing with Nasa could find a home in its lineup next decade, the company’s top executive said, offering a tantalising glimpse into its product strategy. Later this decade, the US planemaker plans to fly a full-scale prototype of the single-aisle jet, whose size could make it an eventual successor ...