Samsung: the smartphone division is getting worse and worse

Samsung has achieved an excellent fourth quarter 2017, but its mobile division is getting worse and worse. The South Korean giant faces fierce competition from Chinese automakers, while dealing with the saturation of the market and consumers less and less eager to renew their equipment. The future seems less and less radiant for the Asian company

In the fourth quarter of 2017, Samsung earned $ 14.13 billion in profit. A historic performance for the South Korean conglomerate. Unfortunately, this record result is not attributable to the mobile division of the company. On the contrary. For several consecutive quarters now, this division faces several obstacles. Among these pitfalls, there is notably the Chinese competition increasingly fierce. At the end of January 2018, Xiaomi notably stole Samsung's leading position in the Indian smartphone market. In this context, the fourth quarter was very difficult for Samsung as a smartphone builder. In the fourth quarter 2017, Samsung recorded $ 23.8 billion in revenue, including $ 2.2 billion in earnings. Revenues remained unchanged from the fourth quarter of 2016, but earnings were down slightly. In the last quarter of 2016, the builder recorded $ 2.34 billion in profit.