MASSIVE Samsung Galaxy deals during Discover Samsung!

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

Samsung holds private conference call, Galaxy S20 sales disappoint

General
By 

Last updated: March 26th, 2020 at 17:29 UTC+01:00

As global smartphone sales keep dropping due to the coronavirus (SARS-CoV-2) pandemic, Samsung reportedly held a private conference call with security analysts this week, presumably to find ways to protect its businesses from the economic fallout. A fresh report from South Korea claims that Galaxy S20 series sales figures have been discussed during the conference call, and they don’t seem very promising.

According to analysts, the Galaxy S20 sold only 60% of what the Galaxy S10 lineup had achieved within the same time on the market last year. Samsung hasn’t revealed exact figures, but it is expected to do so at the end of the quarter. Previous reports had revealed that the Galaxy S20 Ultra is the most popular model of the three, covering 50% of all S20 series pre-orders.

Meanwhile, market watchers have lowered their expectations regarding Samsung Electronics’ performance throughout the year, as global smartphone and PC sales continue to decline. The home appliance, wireless, and display segments are also expected to take a hit. On the bright side, analysts expect the company to maintain its position in the semiconductor market, as DRAM prices should continue to increase along with demand for data center solutions, despite the economic issues caused by the global pandemic.

Samsung Electronics’ market share value has dropped by 1.75%.

Via GeneralPhone Galaxy S20Galaxy S20 PlusGalaxy S20 UltraSamsung Semiconductor
Load comments

You might also like

Japan’s government wants to help Samsung build its chip factory

Japan’s government wants to help Samsung build its chip factory

Samsung could be planning on building a new semiconductor manufacturing facility in Japan. The facility would include Samsung’s first chip packaging test line in the country, and a new report says that the Japanese government is willing to offer subsidies worth roughly 15 billion yen ($110 million) to the Korean tech giant, should the latter […]

  • By Mihai Matei
  • 12 hours ago
Samsung may be developing Shinebolt and Flamebolt DRAM for AI supercomputers

Samsung may be developing Shinebolt and Flamebolt DRAM for AI supercomputers

A couple of weeks ago, a mysterious trademark application revealed that Samsung is trying to secure the term “Snowbolt” for an unreleased product that has everything to do with DRAM (Dynamic Random Access Memory). In the meantime, two more trademark applications related to DRAM have emerged, confirming that whatever Snowbolt is, it won’t be alone. […]

  • By Mihai Matei
  • 3 days ago
Samsung is building a $222 million chip development facility in Japan

Samsung is building a $222 million chip development facility in Japan

Samsung, the world’s biggest memory chip maker, is reportedly building a new chip development facility in Yokohama, Japan. This highly symbolic initiative will bring together Japanese and South Korean chip firms to combat competition from the Chinese and Taiwanese markets. This new chip development facility will cost over JPY 300 billion (around $222 million) and […]

  • By Asif Iqbal Shaik
  • 3 days ago
Oppo shuts down own chip division and potential Samsung Foundry client

Oppo shuts down own chip division and potential Samsung Foundry client

Oppo can no longer support the Chinese government’s dream of becoming self-sufficient in the semiconductor sector. New reports say that the company has suddenly shut down its chip design business to the shock of its employees. News about the smartphone maker establishing an in-house chip design team emerged in December 2022. Back then, rumors said […]

  • By Mihai Matei
  • 5 days ago
Samsung unveils world’s first DRAM with CXL 2.0 standard

Samsung unveils world’s first DRAM with CXL 2.0 standard

Samsung has unveiled the world’s first DRAM product with the brand-new CXL 2.0 standard. It is a 128GB DRAM chip meant to be used in high-performance computing devices and servers. The South Korean firm worked with Intel for this new standard, and it works with the Intel Xeon platform. In mid-2022, the company unveiled the […]

  • By Asif Iqbal Shaik
  • 6 days ago
May 2023 security update is now out for Galaxy S20 series

May 2023 security update is now out for Galaxy S20 series

Samsung started rolling out the May 2023 security update earlier this month, and the new software has already been released to several mid-range and high-end smartphones. Today, the company started rolling out the May 2023 security update to the Galaxy S20 series in some Latin American countries. Galaxy S20 May 2023 security update is now […]

  • By Asif Iqbal Shaik
  • 1 week ago