Thursday, January 29, 2015
Smartphone Competition Rocks Samsung
Samsung Electronics reported a 22% year-on-year decline in sales in its IT and mobile communications division in the fourth quarter to 26.29 trillion Korean won (23.99 billion US dollars). Across the calendar year, the division saw sales fall 19%.
Samsung expects competition in the smartphone market to intensify in 2015 "amid the demand growth driven by LTE and emerging market." It also expects "tablet growth to continue with mid to low-end demand." Samsung itself plans to "focus on increasing smartphone shipments and securing profitability with new product portfolio." source: Samsung slide presentation
For more on Samsung, check out my report for Telco2.0: Samsung and Google versus Apple?
Labels: More mobile equipment
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