Samsung ended 2023 with a microscopic profit score, but mobile business is booming،
Even though 2023 has been (another) difficult year for the mobile industry as a whole, some companies have clearly been hit harder than others by the continued market difficulties. Samsung, for example, ceded its long-held global supremacy to Apple, which has enjoyed far more success in key regions like China with the iPhone15 series that the Galaxy S23 the family could achieve.
Almost all of Samsung's profits came from phones
![Samsung ended 2023 with a microscopic profit, but the mobile business is booming](https://wikidollar.net/wp-content/uploads/2024/01/Samsung-ended-2023-with-a-microscopic-profit-score-but-mobile.jpg)
Interestingly, this particular business managed to grow from 1.7 trillion KRW in operating profit in the fourth quarter of 2022 to the aforementioned 2.73 trillion won at the end of last year, while the total gains of Samsung for 2023 have fallen off a cliff, going from 43.38 trillion KRW in 2022 to just 6.57 KRW. trillion.
The tech giant's revenue, in case you were wondering, saw much smaller declines for both the full year and the year-closing three-month window, which essentially means that Samsung's profit margins have been hit hard lately.
What's on the horizon for Galaxy phones, tablets and wearables?
Big things, apparently, at least if Samsung's latest predictions are to be believed. These are of course not very specific, rather vaguely and generically calling for year-over-year growth in premium smartphone demand in the first quarter of 2024, a general rebound of mobile industry this year, seeing a “similar” recovery for tablet sales, “double-digit value growth” for smartwatches, and “slight value growth” for TWS devices (i.e. i.e. true wireless earbuds).
![Samsung ended 2023 with a microscopic profit, but the mobile business is booming](https://wikidollar.net/wp-content/uploads/2024/01/1706712765_701_Samsung-ended-2023-with-a-microscopic-profit-score-but-mobile.jpg)
![Samsung ended 2023 with a microscopic profit, but the mobile business is booming](https://wikidollar.net/wp-content/uploads/2024/01/1706712765_701_Samsung-ended-2023-with-a-microscopic-profit-score-but-mobile.jpg)
In addition to high-end phones, Samsung also boasts “healthy sales” of high-end tablets, suggesting that Galaxy Tab S9 The family is likely off to a good start at the global box office in the absence of new iPad Pros (or iPad Air, or standard iPad) in 2023.