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Samsung faces tear-jerking profit sink



Samsung plans 2023

Today, Samsung officially declared its consolidated Q4 2022 results of KRW 70.46 trillion in sales and KRW 4.31 trillion in operating profit. Compared to Q3, Samsung Elec reported an 8.2% fall in profit with 70.46 trillion won in sales, however, sales continued to record a record high on an annual basis.

First comes, the Device eXperience (DX Division), which reported sales of 42.71 trillion won and an operating profit of 1.64 trillion won in the fourth quarter. Second, the MD Division saw both sales and profits decline due to slowing smartphone sales and weak demand in the mid-price market.

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Further, the company disclosed that the Device Solutions (DS Division) recorded sales of 20.07 trillion won and an operating profit of 0.27 trillion won in 4Q22. Earnings of the memory business declined significantly as the price fell sharply due to customers’ continued inventory adjustments.

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Samsung System LSI’s revenues sink because of sluggish sales of major products due to inventory adjustments in the industry. However, the foundry business recorded the highest quarterly and annual sales by expanding sales for major customers and increased profits year-on-year by expanding production capacity.

Samsung IP Ecosystem

SDC: Samsung’s SDC business registered KRW 9.31 trillion in sales and KRW 1.82 trillion in operating profit. Since earnings for the small and medium-sized segments decreased QoQ, solid performance was achieved thanks to sales focused on flagship products such as QD-OLED for TVs.

Plans for Q1 2023

  1. Memory
    1. Plans to expand preparations to meet demand for DDR5 for servers and PCs
    2. Actively responding to demand for mobile high-capacity products such as LPDDR5x
  • System LSI
    1. Expand sales of mid-to-low-priced SoC (System on Chip)
    2. Expand sales of 200MP image sensors
    3. Expand the supply of SoC for vehicles to European premium OEMs and self-driving products.
  • SDC
    1. Actively respond to the demand for new products in the case of small and medium-sized TVs
    2. Securing additional demand for large screens by launching new super-large TVs and large-sized monitors.
  • MX
    1. Expand sales of flagships such as Galaxy S23 and continue to strengthen sales of premium tablets and wearable products
  • Network
    1. Focus on responding to new businesses
    2. Strengthening global business base in North America as well as South Korea
  • Foundry
    1. Increase new customer orders for the 2nd-generation 3nm process based on its competitiveness in the next-generation GAA process
    2. Strengthening its technological competitiveness by focusing on the development of the 1st-generation 2nm process

Read More:

Apple won the battle but Samsung won the war of 2022 smartphone market

Samsung knocks all smartphone rivals off their perch, Apple too!

James is the lead content creator on Sammy Fans and mostly works on Samsung's firmware section. His first phone was the Galaxy S4 and continues to get new S series devices. Most of the time, James tries to learn about new technologies and gadgets but he also sneaks a bit of free time to nearby rivers and nature.


India’s Fire-Boltt makes Apple happy with ‘sweet’ Samsung overtake



Samsung Galaxy Watch 5 Pro

Apple leads the worldwide smartphone market, while India’s Fire-Boltt managed to surpass Samsung in the first quarter of 2023. To proceed ahead, it’s important to mention that there’s no comparison between smartwatches manufactured by Samsung and Fire-Boltt. Here’s why:

Types of smartwatches:

  • HLOS smartwatch: Smartwatch running a high-level OS, such as Watch OS (Apple) or Wear OS (Samsung), with the ability to install third-party apps.
  • Basic smartwatch: Smartwatch running a lighter version of an OS, with no ability to install third-party apps.

Counterpoint Research recently published its market analysis of the worldwide smartwatch market. The data revealed that Apple continues to lead the smartwatch market, while India’s Fire-Boltt surpassed Samsung for the first time in terms of numbers.


In the first quarter of 2023, Apple’s shipment volume fell 20 percent year on year. As a result, the company’s market share dropped to 26 percent, which was 32 percent in the first quarter of 2022.


For the first time, Fire-Boltt surpassed Samsung, resulting in ranking second on the global market. The Indian brand has approx 3x shipments increment compared to the previous year with 57 percent growth QoQ.


Samsung secured an incredible 15 percent shipments increment in key market North America, but a decline from other markets made it lose the runner-up position on the chart. The company’s global shipments declined by 21 percent QoQ and 15 percent YoY.


Huawei’s shipments in China declined by 14 percent YoY, but it has increased shipments in India, LATAM, and MEA, limiting its overall decline in global shipments to 9%.

Fire-Boltt Apple Samsung

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Samsung controls 3/4 slice of the foldable smartphone market



Samsung Galaxy Z Fold 4

Samsung owns the largest slice of the global smartphone market share, with rivals in 2nd and 3rd including Apple and Xiaomi, respectively. A recent TrendForce report reveals that Samsung controls about 70 percent (3/4) of the overall foldable smartphone market (with 13 million units shipment).

According to the data, Samsung continues to lead other brands in foldable smartphone market research and production technologies. The company already controls the largest 70 percent piece of the overall market, which would further solidify with the release of Galaxy Z Fold 5 and Flip 5 this July.

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The South Korean tech giant is likely to unveil its next-generation Fold/Flip phones in late July and release to the market in August. The major upgrades are a significantly larger cover display on the Flip 5 and a new waterdrop hinge technology on the Fold 5.

The research agency predicts market size falling short of 1.2 billion units. However, it is estimated that foldable phones’ shipments will reach 19.8 million units in 2023, marking an impressive YoY growth rate of 55% compared to 12.8 million units last year.

Samsung foldable smartphone market

Chinese brands like Huawei, OPPO, Vivo, Xiaomi, and Honor have all joined the race for foldable smartphones. Huawei’s Pocket S, released in 2022, has seen a warm reception in the consumer market, thanks to its appealing design and competitive pricing, despite being equipped with a 4G processor.

Last year, Huawei’s market share stood at around 10% and is expected to approach 20% this year. Other Chinese brands hold around 3–5% market share in the foldable smartphone sector. If they can extend their foldable devices into global channels, their sales volumes are expected to rise even further.

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Samsung sold most phones in Southeast Asia but Apple shined



Samsung Brand

Market research agency Counterpoint Research revealed smartphone shipments in 5 key countries in Southeast Asia in the first quarter of 2023 fell by 13% year-on-year. Among the top five manufacturers in Southeast Asia, Apple was the only one to achieve positive growth, while Samsung was the number one vendor.

Note: Key Southeast Asia countries/markets include Indonesia, Thailand, Philippines, Vietnam and Malaysia.

The report shows that the five Southeast Asian markets including Indonesia, Thailand, the Philippines, Vietnam, and Malaysia were affected by a combination of factors such as sluggish demand and seasonal decline, with year-on-year decreases of 7%, 1%, 10%, 30% and 29% respectively.

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Southeast Asia is at a stage where different consumer types are behaving in a different manners. Low-end smartphone buyers are recovering but they are not just there yet.

Mid-to-high-end smartphone buyers are holding on to their wallets and extending the ownership of their phones, while high-to-premium smartphone buyers are unaffected by the economics of the situation.

These consumers are going out and choosing to buy the S series, foldables and iPhones. While 5G is becoming a norm, operators are coming out with creative packages and providing options for all types of smartphones.

The coming months are likely to see a bit more improvement in consumer sentiment while governments make sure that their countries remain largely unaffected by global macro issues.

Here’s the data in quick-view format:

  • Samsung fell by 16% year-on-year, and its market share fell from 22% to 21%
  • OPPO fell by 10% year-on-year, and its market share increased from 19% to 20%
  • Vivo fell 26% year-on-year, and its market share fell from 17% to 14%
  • Xiaomi fell by 13% year-on-year, and its market share remained at 14%
  • Realme fell 5% year-on-year, and its market share increased from 11% to 12%
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