Smartphone Market Sagging?

Old No Comments on Smartphone Market Sagging? 18

Samsung recently reported that its earnings this year are down a whopping 25% since last year, earning 1.4 billion dollars less than investors had expected. Samsung claims the loss is caused by a plethora of things, from decreasing demand for its flagship smartphone to an increase in competition from the Chinese market in that area.

Samsung is trying to return to profitability once again by focusing on the wearable market. But after failing with the Galaxy Gear, and with the standardization and stiff competition that comes with Android Wear, the Korean giant may have to shift its focus somewhere else.

Market leaders may be powerful for a time, but once Capitalism takes hold,  the landscape often changes. Expect to see a resurgence of other smartphone makers, and the emergence of low-cost high-performance phones from Chinese vendors. As with the rest of the IT world, the smartphone market is constantly shifting, and Samsung may be losing its ground.

Author

Nicholas Fusco

Nick Fusco is a young IT Consultant and "geek"! As a contributing author on GBD, he covers all things tech and writes reviews for a variety of products and services.

Related Articles

Leave a comment

Back to Top