Samsung Electronics' preliminary fourth-quarter operating profit missed estimates by a large margin, with the South Korean tech giant hit hard by extra costs as it works towards providing high-end chips to Nvidia .

South Korea's Samsung Electronics said on Wednesday it expected fourth-quarter profits to be sharply down compared with the previous quarter, falling short of expectations as the company struggled to meet robust demand for chips used in artificial intelligence servers.

Samsung Electronics (OTCPK:SSNLF) released an operating profit estimate of about 6.5T won (around $4.47B) for the fourth quarter of 2024, which was seen below analysts' estimates. Shares of the company rose about 3% on the Korea Exchange on Wednesday.

Galaxy Unpacked will take place on January 22nd and the company is emailing registered Samsung users a £50 ($62) voucher to use when buying Galaxy S25 if they answer a questionnaire. The quiz asks basic questions about your smartphone usage and what devices you’re interested in hearing about.

Samsung has officially announced the launch details of the Galaxy S25 series, which includes the flagship Galaxy S25 Ultra. But from the looks of the banner, it looks like Samsung is planning to release four phones.

Samsung has officially announced the date for its next Unpacked event: January 22, 2025. While specifics remain under wraps, a teaser trailer hints at a focus on Galaxy AI, with a more human-like AI assistant.