Samsung’s CES 2023 press conference will focus on smart home ecosystem improvements

CES 2023 is scheduled to start on January 5, 2023, and as usual, Samsung has announced that it will hold a press conference during the world’s biggest electronics expo. The company has also hinted at what its focus will be during its Consumer Electronics Show 2023 announcements a day before the expo starts. Samsung’s official […]

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Strike at iPhone factory could give Samsung the advantage before holiday season

While the demand for iPhone 14 Pro is through the roof, Apple recently revealed during its Q3 2022 earnings call that there could be supply chain issues during the holiday season. Now, the company is facing even more problems as there have been reports of massive strikes at one of the factories where the iPhone […]

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Samsung’s quarterly profit declined in Q3 2022, first time in three years

After choosing Lee Jae-yong as its Executive Chairman, Samsung Electronics announced its earnings for Q3 2022. Earlier this month, the company revealed that its operating profit is expected to decline. Now, the company has reported its full earnings, revealing its first operating profit decline in three years. Although Samsung Electronics’ revenue was up by 4% […]

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Lee Jae-yong becomes Executive Chairman of Samsung Electronics

Samsung has just announced that Lee Jae-yong has been appointed as Samsung Electronics’ Executive Chairman. The board approved the appointment after the recommendation by current board chairman Kim Han-jo. The post had been vacant for the past two years since the death of former Chairman Lee Kun-hee. Samsung Group’s board said that the company needs […]

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Google reportedly focusing on its own hardware as Samsung declines in key markets

Over the past couple of years, Google has significantly improved its hardware efforts. Apart from smartphones, the company has also unveiled high-end wireless earbuds, smart speakers, a smartwatch, a tablet, media streaming sticks, and even Wi-Fi routers. And it looks like Google is doing this because it’s afraid of Apple’s grip on the market and […]

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Samsung expects its Q3 2022 profit to drop by 31.7%, its first profit drop in three years

Samsung Electronics announced its Q3 2022 preliminary earnings guidance today. The South Korean firm expects its consolidated revenue to be around KRW 76 trillion (around $) and its operating profit to be approximately KRW 10.8 trillion (around $). Although the company’s revenue has increased by 2.73%, its operating profit has declined by 31.7% year-over-year. This […]

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Samsung drops to fourth place in Indian smartphone market during Q2 2022

Samsung’s market share is slipping away in India and several other Asian countries. According to the latest data from market research firm IDC, Samsung dropped to fourth place in the Indian smartphone market last quarter as Vivo jumped to the third spot. The latest market analysis from IDC reveals that Samsung shipped just 5.9 million […]

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BREAKING: Samsung scaling down smartphone production due to weak sales

The consumer spending spree witnessed after the COVID-19 pandemic lockdowns appears to be over now. Financial experts around the world forecast a global recession, and the smartphone market has started to brace for the economic downturn. Even Samsung seems to have scaled back smartphone production. Although Samsung claimed that it expects smartphone sales to stay […]

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Despite slowing smartphone sales, Samsung achieves its best ever Q2 profit since 2018

After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm’s revenue was a 21% improvement compared to Q2 2021. The company’s Q2 2022 profit […]

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Samsung is still number one in worldwide smartphone shipments

Amid the slowdown in the smartphone market, Samsung maintained its leadership position, according to the latest numbers. Market research firm Canalys revealed that Samsung was the world’s biggest smartphone brand in shipments during Q2 2022. Samsung managed to ship nearly 60 million smartphone units in Q2 2022 and captured a 21% share of the global […]

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Samsung’s Q1 2022 profit jumps 51%, thanks to strong chip and smartphone sales

Earlier this month, Samsung had posted its revenue estimates for Q1 2022. Today, the company published actual earnings for the first quarter of the year, and the results have been nothing short of amazing. The company’s revenue rose 18%, while the operating profit jumped 51% compared to Q1 2021. Samsung revealed that its revenue during […]

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Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018. In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) […]

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Samsung tops global TV market for 16 years in a row

Samsung topped the global TV market once again in 2021. The company has achieved this feat for 16 years consecutively, which is extremely impressive. The achievement also shows that it has consistently innovated and satisfied consumers. According to market research firm Omdia, Samsung’s global market share was 19.8% in 2021. More importantly, the South Korean […]

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Samsung’s Q4 2021 profit reaches four-year high, thanks to strong chip demand

A few days ago, Samsung had revealed its earnings estimates for the fourth quarter of 2021. Earlier today, the company published its final earnings report. Thanks to solid semiconductor chip sales and slightly higher smartphone sales, the South Korean firm’s operating profit reached a four-year Q4 high. Samsung Electronics‘ Q4 2021 revenue reached KRW 76.57 […]

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Samsung’s Q4 2021 profit to jump 52.5% due to robust chip, smartphone sales

Earlier today, Samsung announced its earnings estimates for the fourth quarter of 2021. The South Korean firm said it expects consolidated sales of KRW 76 trillion (around $63.2 billion) and an operating profit of KRW 13.8 trillion (around $11.4 billion). The company will announce the final numbers for Q4 2021 later this month. Compared to […]

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Samsung might just destroy LG’s lead in OLED TV market

Samsung Display’s new QD-OLED display technology has been turning a lot of eyeballs at the ongoing CES 2022 event in Las Vegas. The company is so confident with the latest technology that it is making direct comparisons with LG’s best OLED TVs at its CES booth. Some experts have already been able to test QD-OLED and […]

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Samsung might finally come to its senses and launch OLED TVs soon

After exiting the OLED TV space, Samsung resisted launching new OLED TVs for almost a decade. It even ran marketing campaigns against LG’s OLED TVs and the burn-in factor associated with OLED panels. However, it seems like the company is finally coming to its senses, and it could unveil new OLED TVs next year. According […]

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