Tech heavyweight Samsung has just come off the back of a tough quarter, and it doesn’t sound particularly upbeat about future mobile sales. Though the South Korean firm’s mobile devices business recorded a profit growth, demand is slowing alarming quickly.
The South Korean firm is expecting single-percentage growth for its phones and tablets over the next 12 months, and is pinning much of its hope on the mid-range Galaxy A line. Samsung’s also believed to be considering bringing its bendy smartphone to market early, in order to aggressively pursue sales.
It’s not the only big name having a tough time with smartphones. Apple this week announced that iPhone sales had stalled for the first time ever, though the company also happened to report a record-setting quarterly revenue of $75.9 billion (£52.8 billion). Samsung, meanwhile, made 53.3 trillion won (£30.9 billion) in revenue over the same period, with net profit falling almost 40 per cent year-on-year to 3.2 trillion won (£1.9 billion).
Samsung’s also going to focus on building an ‘enhanced product mix’, which will comprise a stronger OLED panel push, as well as home appliances and IoT-enabled devices. [Verge]