Samsung profits collapsed to an 8-year low: what's next?

The news background around Samsung increasingly indicates that the business of the Korean tech giant is coming

Sales of flagship Galaxy S smartphones in recent yearsanti-records of each other, which is why the image of the Galaxy is falling; On your heelsApple, ready to deprive the Koreans of the status of the world's leading smartphone manufacturer, and hereBOE also intends to seize the initiative in the segment of OLED screens, because of Apple it canAnd judging by the latest report from Samsung Electronics for the fourth quarter of 2022, the difficult situation is not only in the mobile business.

The company stated that its total quarterlyprofit from all directions (October-December) collapsed by 69%. In numbers, this is 4.3 billion won against 13.87 billion a year earlier. This is Samsung's lowest score since the third quarter of 2014. At the same time, analysts' forecasts are disappointing: in the first quarter of 2023, a further decline in indicators is expected. It remains to be hoped that the company will be able to overcome difficulties without sacrificing certain projects and divisions.

© Vladimir Kovalev.

According to reuters.com