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Samsung competing globally for higher corporate value

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Samsung 55th shareholders meeting

Samsung at present times is focused on semiconductor substrate manufacturing and providing a boost to its OLED TV production, on the other hand, it’s busy with doing lots of R&D in the world of a foldable smartphone. It seems as if it has opened a durable war for other competitors in the league.

The news firm inews24 reportedly revealed that in the result analysis of the data released by S&P Capital by FKI on the 14th of April 2022, global competitors Samsung and LG recorded sales of 2.2 times and assets 1.3 times higher than those of the Korean companies in 2021. excluding their semiconductor and home appliances sector.

Samsung competes in seven major export industry sectors, such as semiconductors, home appliance display, petrochemicals, mobile phones, automobiles, and shipbuilding. The industries that are surveyed this time are given below:

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  • Semiconductor (Samsung Electronics vs Intel)
  • Mobile Phones (Samsung Electronics vs Apple)
  • Home Appliances (LG vs Whirlpool)
  • Display (LG Display vs BOE) and more…

Among the global competitors, the corporate value of Samsung ranked significantly higher and the market cap investment reached 3.1 times higher than other Korean companies.

FKI industries said that as compared to the global competitors competing in seven major export sectors and comparing them with Korean companies, they have only one-half to one-third of their sales, but the tax burden on the Korean companies has increased merely by 10 percent.

If Korean companies want to compete equally with the global companies in the overseas market, it’s important for them to lower the corporate taxes burden and should immediately remove restrictions against the larger corporation, which could possibly create a hindrance in their corporate growth.

Hey, Camila is here! From the very beginning, I love using Samsung phones like a die-hard fan. Apart from detailing One UI features for readers, I love exploring different apps of the Samsung ecosystem with a cup of tea!

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Samsung leads Q3 smartphone market, Huawei’s entry haunts Apple

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Samsung Galaxy S23 Ultra Z Fold 4 Beige

Samsung ranked first in market share in the global smartphone market in Q3, 2023. TrendForce report says that Samsung led the global Q3 smartphone market, recording a market share of 19.5%.

Overall production in the third quarter increased by 11.5% compared to the previous quarter to 60.1 million units. During the same period, Apple’s production increased by 17.9% to 49.5 million, thanks to iPhone 15.

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Third place was taken by Xiaomi (13.9%), followed by Oppo (12.6%) and Transion (8.6%). 6th place is Vivo (8%). Meanwhile, global smartphone production reached 308 million units, a 13% increase compared to the previous quarter and a 6.4% increase from the previous year.

Huawei’s re-entry into the flagship smartphone market targeting Apple has had a significant impact in China. Huawei is aiming to expand its high-end flagship series, focusing on the Chinese domestic market next year, so Apple “We plan to attack directly”.

Samsung Q3 2023 Smartphone Market TrendForce

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Underdog phone brand jumped 50%, Samsung and Apple lost ground

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Samsung 55th shareholders meeting

In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.

According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.

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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.

Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.

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Samsung enjoyed 2023’s last victory over Apple?

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Samsung smartphone

Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.

According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.

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The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.

The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.

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