If Samsung continues to apply software improvements to some of its best phones to boost its cameras, it’s a sign that while the market is slowing down overall so far this year, it’s still on a war footing even with a reduction of your benefits by 23% in the prior quarter and in the year-over-year figure.
[Android 13 para el Samsung Galaxy S22 llega a España, con la actualización a One UI 5.0]
Still, Samsung is consolidating its revenues
Via Engadget, we know that Samsung has just published its turnover for the third quarter of 2022 with a figure that hit $54 billion. The Korean brand’s operating profit remained at $7.6 trillion, a 23% less than in the second quarter of the yearand 31.4% less than the same period in 2021.
Profit operations for Samsung from July to September 2021 increased by 26% compared to the previous quarterAnd it is that the Korean brand has made it clear that several of its divisions have found themselves at such a crossroads due to low demand, in the midst of global economic instability.
But, you have to go, via TechCrunch, to China, to understand a little better this framework in which Samsung is located, and towards which other brands will also be drawn. The largest market on the planet stood at 175.1 million devices spread between January and August of the year, a reduction of 22.9% year after year.
Smartphones will be the lifeline
Another fact, in August of this year, device distributions have decreased in the country by 21.9%. And it is that the world market is facing a significant slowdown with 9% as a negative figure for the second quarter of the year.
The smartphone market
With regard to the Samsung divisions which are in a delicate situation, the memories is one of themand LSI’s business is also falling due to lower demand for mobile phones and TVs, although its chip revenue has increased due to 5G.
Yes, it is true that the Korean tech giant expects its mobile business to improve performance in the fourth quarter due to the demand for smartphones and wearables (remember that Google has been encouraging the creation of applications for its Wear OS for days due to the exponential figures of this segment of smartphones).
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