Friday, January 6th 2023
Samsung Profits Down by 69 Percent in Q4 2022
Consumer electronics giant Samsung had what can only be described as a terrible fourth quarter in 2022, with profits falling by around 4.3 trillion Korean Won, or US$3.4 billion, a drop of 69 percent compared to the previous year. This will be Samsung's lowest profit since Q3 2014 and Samsung has grown a lot as a company in those eight years. The revenue was also down nine percent from the third quarter of 2022, suggesting that Samsung is in for a rough start to the new year.
There seems to be a combination of reasons for the drop in profit, from lower demand for Samsung's range of smartphones and other consumer electronics, but also due to lower demand for memory chips, both DRAM and NAND, both of which Samsung is a big producer of. Samsung stated that "for the memory business, the decline in fourth-quarter demand was greater than expected as customers adjusted inventories in their effort to further tighten finances," which places Samsung in the same situation as its major competitors, who have also reported huge demand slumps.
Source:
BBC News
There seems to be a combination of reasons for the drop in profit, from lower demand for Samsung's range of smartphones and other consumer electronics, but also due to lower demand for memory chips, both DRAM and NAND, both of which Samsung is a big producer of. Samsung stated that "for the memory business, the decline in fourth-quarter demand was greater than expected as customers adjusted inventories in their effort to further tighten finances," which places Samsung in the same situation as its major competitors, who have also reported huge demand slumps.
26 Comments on Samsung Profits Down by 69 Percent in Q4 2022
High prices mostly is what I've noticed all around only cheap stuff is crap
Not even looked at any more laptops they all suck either junk or price or both :kookoo:
the only thing that still is relevant in the market are the SSD's and some RAM sticks ... other than that... avoid Samsung.
Yeah they nearly dumped the 980 pro m.2's weeks before good friday 2tb for 170.us
I was waiting for them to drop more and they never did so I never got one or two.
980
Now that the "quarantine bonanza" that the tech sector abused with their unfettered greed corpo trash with consumption levels dropping to even below pre-pandemic levels all these revenues and profits will drop like a rock
www.techpowerup.com/forums/threads/samsung-870-evo-beware-certain-batches-prone-to-failure.291504/
Should of posted the hot deal here :cool:
www.techpowerup.com/forums/forums/hot-deals.46/
My Samsung TV, phone, and washing machine all died - prematurely, IMO due to what felt like corner-cutting. I'd just been stung in bulk at work by the defective 840/840EVO TLC NAND troubles, and without ever swearing off Samsung, I simply found good reasons not to ever buy their stuff any more. Samsung wasn't offering good value or well-reviewed white goods, They fell behind in review recommendations for mainstream phones, and only their flagship/halo products were getting great reviews. The mainstream stuff, and even the premium mainstream stuff was being soundly outperformed and at a lower price by many other brands.
I'm just one customer, but I've gone from repeat-buying Samsung to buying almost nothing of Samsung's. I don't really have anything against them at the moment, but they rarely offer an appealing product. Their good stuff is overpriced and their cheap stuff is unappealing in the contested markets of SSDs, phones, monitors, TVs, where all of the competition seems to be doing a better job for the same money.
So they still made profit though.
Old saying, no bad products, only bad prices
comparison
$235 CAD
www.newegg.ca/kingston-2048gb-kc3000/p/N82E16820242660
$343 CAD
www.newegg.ca/samsung-2tb-980-pro/p/N82E16820147796
Can't count a scalpers price verses sold and shipped by newegg or even amazon lol
Scalpers are aholes every where :laugh:
www.amazon.com/SAMSUNG-Internal-Gaming-MZ-V8P2T0B-AM/dp/B08RK2SR23/ref=sr_1_3?crid=2615PMUM8PVF0&keywords=samsung%2B980%2Bpro%2B2tb&qid=1668346814&sprefix=samsung%2B980%2Bpro%2B2tb%2Caps%2C90&sr=8-3&ufe=app_do%3Aamzn1.fos.f5122f16-c3e8-4386-bf32-63e904010ad0&th=1&tag=tec06d-20
Lower your prices Samsung and get Apple to go with 32GB standard lol...
Also S22 sales were poor due to mimimal changes and almost total focus on the stupid Ultra model.
Their new OLED TV's are nice though.
Before anyone feels sorry for hardware manufacturers remember the record profits they made during the Pandemic.
What's hurt Samsung's bottom line was OLED denial for the first 5+ years of consumer OLED TVs. Samsung were pushing QLED instead of OLED right up until late 2022, losing 6 years of marketshare to LG and Sony.
I'm still buying Pixels. If I want Android, I'll get it from the source. If I want IOS, I'll get it from the source. Unless the Pixels stop being good, I have no desire to get a non-Google phone full of vendor nonsense and BS that I didn't ask for and can't remove without rooting.