The best Samsung deals! Galaxy Book 4 series, Watch 6, S24 Ultra or Z Flip 5! - Join SamMobile on Telegram!

SamMobile has affiliate and sponsored partnerships. If you buy something through one of these links, we may earn a commission.

Notifications
    News for you

    Analyst predicts Samsung smartphone sales in the US might decline due to protectionist threats

    Phone
    By 

    Last updated: November 14th, 2016 at 05:12 UTC+01:00

    The United States is a very lucrative market for smartphone manufacturers and a local analyst in South Korea is predicting that Samsung might see its sales fall in the country due to protectionist threats from the president-elect Donald Trump. Different market analysis firms have different methods of calculating a company's market share so it's hard to pick just one and roll with it, however, Samsung was believed to account for approximately 26 percent of the smartphone market in the United States.

    SK Securities analyst Park Hyoung-wo predicts that smartphone sales by the company's top conglomerate could be hit hard if the incoming United States government decides to increase the tariff on technology products, including smartphones. “It seems unavoidable for Samsung,” he adds while mentioning that Samsung rival LG might face a similar problem as it could be hurt by protectionist initiatives as well.

    There is obviously no confirmation at this point in time if drastic protectionist steps will be taken even if they might have been alluded to on the campaign trial. The threat is very real, though, and analysts are understandably concerned. We'll only know for sure once we're a few months or even a year or so into the new government's tenure.

    Via Phone Samsung Electronics

    You might also like

    Samsung’s first acquisition in 7 years could be of an AC company

    Samsung’s first acquisition in 7 years could be of an AC company

    Despite having billions of dollars in cash, Samsung hasn't made any acquisitions over the past seven years. Its last major acquisition was that of Harman International. Recent reports have suggested that the company is looking to be more active in the mergers and acquisitions segment now, and it appears Samsung may already have a large.t […]

    • By Adnan Farooqui
    • 4 days ago
    Samsung expects 2024 chip revenue returning to 2022 level

    Samsung expects 2024 chip revenue returning to 2022 level

    A significant decline in chip revenue has hurt Samsung's profits significantly, but the company is now expecting a return to form, on the back of increased demand for memory products for AI applications. The company is now expecting its chip revenue this year to return to the 2022 level, which was before the downturn, and […]

    • By Adnan Farooqui
    • 7 days ago
    NVIDIA CEO signs his approval on Samsung’s HBM3E memory, literally

    NVIDIA CEO signs his approval on Samsung’s HBM3E memory, literally

    Samsung's HBM3E 12H advanced memory chips have received high praise from NVIDIA CEO Jensen Huang recently. He confirmed that the company is testing these new memory models for integration into its GPUs, as unrelenting demand continues for its products. Such is the nature of the close collaboration between these two titans of the industry that […]

    • By Adnan Farooqui
    • 7 days ago
    Samsung Electronics gets $4.3 billion from Samsung Display to fund semiconductor expansion

    Samsung Electronics gets $4.3 billion from Samsung Display to fund semiconductor expansion

    Samsung Electronics is the leading supplier of memory chips and other semiconductor products. It has been heavily investing in the expansion of its production facilities as demand for memory products, particularly High Bandwidth Memory, is expected to rise in the coming quarters. There are many subsidiaries that operate under Samsung Electronics. Samsung Display is one […]

    • By Adnan Farooqui
    • 1 week ago
    Amid AI boom, NVIDIA is loving Samsung’s advanced memory chips

    Amid AI boom, NVIDIA is loving Samsung’s advanced memory chips

    NVIDIA has emerged as the leading supplier of AI semiconductor solutions across the globe. There's incredible demand for its products as companies jump on the AI bandwagon with new solutions and services. AI semiconductors require advanced memory chips and Samsung finds itself in a good position to cash in on this boom. It has a […]

    • By Adnan Farooqui
    • 1 week ago
    Samsung doubling down on AI to secure business growth

    Samsung doubling down on AI to secure business growth

    Amid uncertainties in the global business environment, Samsung is doubling down on what it considers to be a significant driver of future growth. We've seen an increasing application of artificial intelligence in its products, from smartphones to even washing machines, and the company has said it will continue to focus on AI to drive growth. […]

    • By Adnan Farooqui
    • 1 week ago