FACTBOX: Smartphones no longer Samsung's star performer

Declines in profit and market share for Samsung Electronics suggest the tech giant can't count its smartphone business the way it used to, but the company is optimistic about a near-term pickup.

Published

over 2 years ago

Categories

Finance, Technology

Topics

Finance, Asia, Smartphones, Consumer Electronics

Places

Asia, Taiwan

Companies

Samsung C&T

Transcript

ATTN EDITORS: NO REPORTER NARRATION Samsung Electronics has reported its second straight annual fall in quarterly profit The Korean tech giant is facing thinning margins in the competitive smartphone space Samsung's smartphone market share has slipped for the first time in 4 years Samsung is still a big spender. It plans to maintain investment this year at around 2013's $20 billion Samsung still splashes out on marketing Samsung's chip business was the only division to post an annual rise in profit But Korean media reports suggest executives see the chipmaking business "in crisis" Samsung faces stiff chipmaking competition from Taiwan's TSMC Samsung is banking on the upcoming World Cup in Brazil fueling more orders of smartphones and TVs ENDS