Sales of smartphones in South Korea fell 6 per cent final yr
Samsung Electronics’ unit Samsung Display plans to take a position 4.1 trillion gained ($3.14 billion) till 2026 in Asan, South Korea to make superior natural lightemitting diode (OLED) show panels utilized in tablets and computer systems, the commerce ministry mentioned on Tuesday.
Samsung Electronics’ unit Samsung Display is planning to take a position 4.1 trillion gained ($3.14 billion) till 2026 in Asan, South Korea to make superior natural light-emitting diode (OLED) show panels utilized in tablets and computer systems, the commerce ministry mentioned on Tuesday.
The funding is a part of a previously-announced plan by Samsung Electronics and associates to take a position 60.1 trillion gained within the subsequent 10 years in areas exterior the capital, Seoul.
Meanwhile, gross sales of smartphones in South Korea fell 6 per cent final yr from a yr earlier amid an financial slowdown, trade information confirmed on Monday.
Samsung Electronics, the world’s main smartphone maker, noticed its smartphone gross sales decline 2 per cent on-year in its residence nation in 2022, whereas gross sales of Apple’s iPhone inched down 0.4 per cent from a yr in the past, market analyst agency Counterpoint Research mentioned with out offering any additional particulars on gross sales volumes.
Sales of different gamers tumbled 71 per cent on-year final yr because of a base impact stemming from LG Electronics’ exit from the cell enterprise in 2021.
Samsung Electronics’ Galaxy S22 Ultra was the bestselling smartphone mannequin final yr, adopted by the Galaxy Z Flip 4, Galaxy S22 5G and iPhone 13.
The mixed gross sales of 10 top-selling smartphone fashions accounted for 46 % of the overall gross sales final yr, down 7 proportion factors from a yr in the past.
“Lingering financial uncertainties will drag down demand for finances smartphones this yr,” Shin Kyung-hwan, an analyst from Counterpoint Research, said. “Apple’s iPhone 14 Pro and iPhone 14 Pro Max will lead the local smartphone market in the first quarter.”
In associated news, Samsung India on Tuesday introduced it has partnered the Ministry of Electronics and Information Technology (MeitY) Startup Hub and Foundation for Innovation and Technology Transfer (FITT), IIT Delhi, for the second season of its nationwide training and innovation competitors.
Called ‘Samsung Solve for Tomorrow,’ the programme invitations youth in age group 16-22 to use with their revolutionary concepts round training and studying, surroundings and sustainability, well being and wellness and variety and inclusion.
The prime three groups will win Rs 1.5 crore to show their concepts into motion whereas others members who attain prime 30 and prime 10 shall be rewarded at varied levels of the programme.
(With inputs from IANS and Reuters)
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