Never mind that Samsung Electronics Co., the global smartphone maker leader as ranked by device shipments, reported a 60 percent slump in quarterly operating income a few days ago — the worst such drop in more than four years. A slowdown in smartphone sales, as well as plunging memory chip prices, were mostly to blame when the company reported its latest earnings.
DJ Koh, the CEO of Samsung’s mobile division, tried to sound bullish anyway in a new interview with the French newspaper Le Figaro, in which he declared that foldable technology will help the company recapture some of its mojo. Also, he brushed off the threat from Huawei, which wants to displace his company atop the global rankings, and confidently promised that Samsung will remain the smartphone market leader for at least another 10 years.
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Samsung: We will remain the global smartphone leader for the next decade originally appeared on BGR.com on Tue, 9 Apr 2019 at 22:05:16 EDT. Please see our terms for use of feeds.
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