Samsung’s mobile phone business has seen significant decline around the world; competition to further intensify with Nokia’s arrival
Samsung seems to be in big trouble as the company’s mobile phone sales has taken a dip and hit the lowest level in five years. This is the third consecutive annual decline in its mobile phone sales that has been a very dominant tech firm around the globe and certainly the leader in the Android smartphone business.
The sales decline comes amid a slowdown in the global smartphone business. Along with that the competition from various Chinese tech firms are increasing rapidly. However, the overall profit of Samsung has increased due to the strong memory chip business across the world. The crisis began when the South Korean tech major was forced to recall several millions of Galaxy Note 7 smartphones that were reported to erupt into flame due to the faulty batteries.
Interestingly, not only the Samsung, but the overall sales declining trend has hit the Apple as well. While the company faced significant sales decline in the mobile phone market, the strong demands for electronic displays and memory chips increased significant and that led the company making an impressive profit.
Meanwhile, while tech giants like Apple and Samsung have been facing crisis, the Chinese smartphone manufacturers like Huawe and Oppo are coming up fast with their exciting new products that are loaded with high-end techs and features. Meanwhile, Samsung is planning to fight back with its upcoming Galaxy S8 handset that is going to be the flagship model for the company once it gets launched.
The Spouth Korean tech major has another reason to worry as the Finland based Nokia is coming back with its range of smartphones and this time, the company will introduce mobile phones with Android. The Finnish brand is ready to launch its products at the upcoming Mobile World Congress (MWC 2017) next month.
In the meantime, Samsung has already announced that it won’t unveil the S8 at upcoming MWC, which is disappointing for the tech lovers who have been waiting for this smartphone to hit the market for quite long time.