Samsung warns of impending financial year

2016 might not be the way everyone wanted it to turn out after all. According to Samsung’s chief executive Kwon Oh-hyun 2016 might be a poor financial year for Samsung, due to competitors such as Apple raising the quality of their products. Samsung is preparing for the worst, but also might not have to. Samsung’s main profit right now is coming from low budget devices that many people can afford, “ While Apple, Huawei and Lenovo are focused on mid- to high- range products.” Samsung’s main business is consumer electronics. Now that Apple has the idea, there starting to compete with Samsung in consumer electronics which might lose Samsung a lot of money. Like I said before this will either be a good year for Samsung, or a terrible year.

When I first heard about this I thought Apple must have something to do with this. I was right. It’s apple and many other electronic companies that are creating better electronics than Samsung. Is this the employees? I don’t know, but Samsung has to do something about this or their company is going to have a horrible year. Maybe even a horrible few years.

http://www.zdnet.com/article/samsung-warns-of-difficult-financial-year-to-come/