Phone companies all across the globe experienced a sluggish 2018 in sales due to the oversaturated market. Numbers for the past 12 months have started to arrive, with the first report coming straight from South Korea - the home of Samsung and LG.
According to the Ministry of Science and ICT and the Institute of Information and Communications Technology Planning & Evaluation, mobile phone exports in 2018 totaled $14.61 billion, down 23% or about $4.4 billion, compared with 2017. This is the lowest figure since 2002, effectively meaning the last year was the worst for Korean smartphones.
Last time the market saw such a low performance was when it raked only $11.36 billion worth of mobile phones, which is way before the era of phones with internet, touch screen, etc.
Nearly Three Quarters Of South Korean Phone Users Own A Samsung
Korean sources reveal the handset shipments peaked in 2008 with around $33.44 billion, outpacing the country’s main export of semiconductors. Since then, the industry fell under $30 billion in 2009 and under $20 billion in 2017.
When you look at the detailed picture, the biggest reason for the flop is the Chinese market. The biggest country, including Hong Kong, saw only $4.3 billion of sales, which is a decline of 37%. There was also a decline in the other major market, United States, where the numbers fell 10% to $5.05 billion.
While smartphones are not performing as expected, the export of semiconductors skyrocketed to $128.15 billion of sales, which is nearly nine times more than the handsets.
Korean Companies Struggle To Gain Traction In Japan
Since this product is also expected to decline and the outlook for smartphones is rather grim, companies are pushed to seek breakthrough technologies like 5G and folding screens. Speaking about Korean manufacturers, we know Samsung will showcase the Galaxy S10 family and Galaxy Fold device on February 20 at its Unpacked event in San Francisco.
LG, on the other hand, is taking the scene at MWC 2019 to introduce both its G8 ThinQ flagship and a foldable device with an attachable screen, something similar to the ZTE Axon M.
Man also expensive doesnt means better. Samsung and Sony lost its credit long time ago and you sponsoring company which is nothing else just a bunch of thieves. If xiaomi can make a cheap phone with awesome specs and can last several year like ...
G Phone: Lg Launches New Midrange 5g Smartphone In South Korea, Et Telecom
Not everything is about money.. It's sad to see you literally cannot get past that. Cheaper doesn't necessarily mean better in 99% of the cases. Cheap china phones are for grandparents and teenagers who can't afford yet a high end device. I wo...
I still use my LG G3 from 2015, because it has a removable battery, why should I buy a phone that dies after an year and should be thrown in the garbage?In order to access Counterpoint Technology Market Research Limited (Company or We hereafter) Web sites, you may be asked to complete a registration form. You are required to provide contact information which is used to enhance the user experience and determine whether you are a paid subscriber or not.
Personal Information When you register on we ask you for personal information. We use this information to provide you with the best advice and highest-quality service as well as with offers that we think are relevant to you. We may also contact you regarding a Web site problem or other customer service-related issues. We do not sell, share or rent personal information about you collected on Company Web sites.
Smartphones In North Korea
You may request to terminate your account or unsubscribe to any email subscriptions or mailing lists at any time. In accessing and using this Website, User agrees to comply with all applicable laws and agrees not to take any action that would compromise the security or viability of this Website. The Company may terminate User’s access to this Website at any time for any reason. The terms hereunder regarding Accuracy of Information and Third Party Rights shall survive termination.
This Website is the property of Counterpoint and is protected by international copyright law and conventions. We grant users the right to access and use the Website, so long as such use is for internal information purposes, and User does not alter, copy, disseminate, redistribute or republish any content or feature of this Website. User acknowledges that access to and use of this Website is subject to these TERMS OF USE and any expanded access or use must be approved in writing by the Company.
The Company reserves the right to change, update or discontinue any aspect of this Website at any time without notice. Your continued use of the Website after any such change constitutes your agreement to these TERMS OF USE, as modified.
New Smartphones Appear In North Koreans' Hands For First Time In Years
Accuracy of Information: While the information contained on this Website has been obtained from sources believed to be reliable, We disclaims all warranties as to the accuracy, completeness or adequacy of such information. User assumes sole responsibility for the use it makes of this Website to achieve his/her intended results.
Third Party Links: This Website may contain links to other third party websites, which are provided as additional resources for the convenience of Users. We do not endorse, sponsor or accept any responsibility for these third party websites, User agrees to direct any concerns relating to these third party websites to the relevant website administrator.
We may monitor how you use our Web sites. It is used solely for purposes of enabling us to provide you with a personalized Web site experience.
South Korean Phone Maker Pantech Files For Court Receivership
Cookies may be set in order to identify you and determine your access privileges. Cookies are simply identifiers. You have the ability to delete cookie files from your hard disk drive.
0 komentar
Posting Komentar