south korean technology samsung recently published its financial results for the second quarter of 2023, with a drop in profit of 84.5%. At issue is the period from April to June of this year.
Compared to the same period in 2022, Samsung posted a sharp drop in profit due to lower demand for semiconductors, the chips and chipsets that make up our phones.
Despite falling revenue, Galaxy S23 is exceeding expectations
Samsung registered a 10% drop in revenue consolidated compared to last year. Among the causes mentioned is the low demand for its memory solutions, the memory chips and modules manufactured by its dedicated department.
On the other hand, the department responsible for the production of panels and screens also registered a contraction, especially in the segment of screens for mobile devices. Its television and big screen department narrowly escaped loss.
However, we are on a very positive note in the smartphone and mobile department with sales of the Samsung Galaxy S23 range going better than expected. By the way, the same was registered in its television segment. premiumThe most expensive.
Samsung expects a gradual recovery throughout 2023
In any case, Samsung registered a net profit of close to 1.2 billion euros during the second quarter of 2023. It was a drop compared to last year, but one that does not seem to worry technology too much.
By the way, according to the brand, a gradual recovery is expected during the second half of the year. Especially now that they have presented the new generation of folding smartphones with the Samsung Galaxy Z Flip5, Galaxy Z Fold5as well as new smart watches galaxy6 watch and new range Android tablets Galaxy Tab S9.
On the other hand, last March we witnessed a historic milestone when Apple surpassed, for the first time, Samsung in the volume of mobile phones sold. In other words, the brand with the bitten apple overtook the South Korean Samsung there.
In short, despite the decline registered in the last three months, with their smartphones premium to sell quite well, the brand hopes to gradually recover these figures. For this, very soon we will have a new generation of products also reaching the national market.
By the way, new Samsung products are available for pre-order in select markets of July 26with general availability from the day August 11.