Samsung Profits Down by 69 Percent in Q4 2022

[TheLostSwede]

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.



View at TechPowerUp Main Site | Source

 

[ThrashZone]

Hi,
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

 

[Zareek]

Queue the next price fixing scheme.

 

[Kn0xxPT]

No wonder, Premium prices for crappy and planned obsolescence. For all consumer eletronics ( mainly TV's, Washing Machines, Micro-waves, Mobiles, etc ). Xiaomi got better than Samsung at it ...
the only thing that still is relevant in the market are the SSD's and some RAM sticks ... other than that... avoid Samsung.

 

[ThrashZone]

Hi,
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

 

[L'Eliminateur]

Keep up with grossly overpricing products(flagship cellphone price hikes every year going beyond ridiculous levels -i bought my flagship phone in 2018 for 500euro, now not even double that will get me the top-) and gouging customers and you get what's coming to you.

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

 

[BSim500]

I'm not surprised. The 'Samsung' premium they were charging on SSD's is absolutely not justified today:-
https://www.techpowerup.com/forums/...ware-certain-batches-prone-to-failure.291504/

 

[Vayra86]

The end of free money. Boom.

 

[evernessince]

Hi,
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

That's because the 990 just launched at the time. There was also a BF deal on the SK Hynix P41 platinum 2TB for the same 2 TB and at the same price it's just a better drive then the 980. It trades blows with the 990 Pro even.

 

[ThrashZone]

That's because the 990 just launched at the time. There was also a BF deal on the SK Hynix P41 platinum 2TB for the same 2 TB and at the same price it's just a better drive then the 980. It trades blows with the 990 Pro even.

Hi,
Should of posted the hot deal here

Hot Deals

Spotted a hot deal? Looking for a good offer? Check here.

www.techpowerup.com

 

[evernessince]

Hi,
Should of posted the hot deal here

Hot Deals

Spotted a hot deal? Looking for a good offer? Check here.

www.techpowerup.com

Probably should have.... I purchased two of those drives for $260 the week prior and returned both to purchase two at the $170 price.

 

[SrKag]

You OVERPRICE the market you shoot yourself in the foot!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

[Chrispy_]

15 years ago I used to have a lot of Samsung stuff because it was decent quality and sensibly priced. Great TVs, phones, drives, white goods. I didn't choose it because of brand loyalty, I chose it because when looking at the market it was often one of the most favourably-reviewed options in whatever product category I was shopping in.

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.

 

[mechtech]

"This will be Samsung's lowest profit since Q3 2014"

So they still made profit though.

Old saying, no bad products, only bad prices

comparison
$235 CAD

Kingston KC3000 M.2 2280 2TB PCI-Express 4.0 x4 3D TLC Internal Solid State Drive (SSD) SKC3000D/2048G - Newegg.com

Buy Kingston KC3000 M.2 2280 2TB PCI-Express 4.0 x4 3D TLC Internal Solid State Drive (SSD) SKC3000D/2048G with fast shipping and top-rated customer service. Once you know, you Newegg!

www.newegg.ca

$343 CAD

SAMSUNG 980 PRO M.2 2280 2TB PCIe Gen 4.0 x4, NVMe 1.3c Samsung V-NAND Internal Solid State Drive (SSD) MZ-V8P2T0B/AM - Newegg.com

Buy SAMSUNG 980 PRO M.2 2280 2TB PCIe Gen 4.0 x4, NVMe 1.3c Samsung V-NAND Internal Solid State Drive (SSD) MZ-V8P2T0B/AM with fast shipping and top-rated customer service. Once you know, you Newegg!

www.newegg.ca

 

[ThrashZone]

Hi,
Can't count a scalpers price verses sold and shipped by newegg or even amazon lol
Scalpers are aholes every where

https://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

 

[TheinsanegamerN]

15 years ago I used to have a lot of Samsung stuff because it was decent quality and sensibly priced. Great TVs, phones, drives, white goods. I didn't choose it because of brand loyalty, I chose it because when looking at the market it was often one of the most favourably-reviewed options in whatever product category I was shopping in.

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.

After dealing with one too many of their phones I have no idea why people buy these things.

 

[Zareek]

That's because the 990 just launched at the time. There was also a BF deal on the SK Hynix P41 platinum 2TB for the same 2 TB and at the same price it's just a better drive then the 980. It trades blows with the 990 Pro even.

I grabbed one myself, I grabbed a 2TB KC3000 for in the same price range the day before. I was going to return the KC3000 but decided to just keep it. They both were such a darn good deal.

 

[evernessince]

I grabbed one myself, I grabbed a 2TB KC3000 for in the same price range the day before. I was going to return the KC3000 but decided to just keep it. They both were such a darn good deal.

The KC3000 is a great drive. You made the right choice by keeping, the difference between it and the fastest is very very small.

 

[Garrus]

Not much sympathy for Samsung's inability to make affordable RAM. They were making more profit than AMD was from each video card sold. 32GB of ram for PCs has also been grossly overpriced for a while.

Lower your prices Samsung and get Apple to go with 32GB standard lol...

 

[Minus Infinity]

Quick best way out of a sales slump is to raise prices. Just ask Olympus.

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.

 

[64K]

It's going to be hard times for a lot of hardware manufacturers for a while. Partly due to the Pandemic/Lock Downs when tens of millions were buying a lot of hardware using Stimulus Checks so customers don't need a lot of hardware right now and partly due to fears about how bad the Worldwide Economy might get so a lot of people are cutting back on unnecessary purchases.

Before anyone feels sorry for hardware manufacturers remember the record profits they made during the Pandemic.

 

[ixi]

Samsung, it is time to lower prices for good products . You can milk nvidia, but no the living souls.

 

[stimpy88]

Better get those Xerox machines running!

 

[Chrispy_]

Their new OLED TV's are nice though.

All OLED TV's are nice, though.
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.

 

[JalleR]

Well their products has been to exspensive and the quallity has been going down and been to bad, no wonder they are doing bad.... lets hope they learn something.