Samsung warns of struggles in 2016, including weak economy and more competition

samsung grim 2016 outlook
tktktk/123rf
Samsung plans to announce its fourth quarter results tomorrow, but forecasts are already being lowered, after the tech giant said it expects a hard 2016.

In a statement made on Monday, found by Reuters, Samsung chief executive Kwon Oh-hyun said global growth will continue to slow. Weak economic conditions and increased competition will factor into the struggles for 2016, especially in key product areas such as smartphones and memory chips.

Samsung has been pushed out of a few markets by new providers, and we expect Xiaomi, Huawei, and Lenovo to make even larger gains this year. All three Chinese manufacturers are eyeing up the Middle East and Africa — after Huawei surpassed Samsung to become the No. 1 vendor in China.

At the high-end, Samsung is getting crushed by Apple, while other Android suppliers lower the prices of premium flagships to under $500. This might force Samsung to lower prices on its flagship model next year, or increase production of midrange devices.

In the semiconductor business, Samsung is also starting to see more competition. Qualcomm, Intel, and MediaTek are scooping up more manufacturers in Asia, and Apple might be looking to drop Samsung from the A10 production this year.

Samsung does have some glimmers of hope, with the company apparently in talks with Apple to build OLED displays for the iPhone in 2018. It has other ventures with car manufacturers to build batteries for electric vehicles, which could take off in the next few years.

However, there is a sense that Samsung’s core businesses are becoming less valuable, due to the increased competition and lowering of prices. MediaTek appears to be beating Samsung in chip sales across China, while Xiaomi and Huawei continue to creep up to Samsung’s sales record in Asia.

Still, even with the scare in sales, Samsung is expected to report $5.7 billion in profit during the fourth quarter. It is not as high as some expectations, but compared to the rest of the mobile industry (apart from Apple), it is one of the few numbers out of the red.

Product Review

Samsung's Galaxy S10 phones are its most refined yet. Be prepared to pay up

Samsung has unveiled its lineup for its most popular smartphones, and it includes the Galaxy S10 and S10 Plus. The two flagship phones boast hole-punch cameras, fingerprint sensors embedded in the display, and beefier batteries.
Product Review

If price is top of mind, Samsung’s Galaxy S10e is the flagship phone to buy

Samsung’s Galaxy S10 and S10 Plus are joined with a new entry into the Galaxy S family -- the Galaxy S10e. It costs a little more than the original price of the Galaxy S9, but it’s meant to be the more affordable phone compared to the…
Mobile

The 2-year-old Nokia 6 is now being updated to Android Pie

Android 9.0 Pie has been released. But is your phone getting Android 9.0 Pie, and if so, when? We've done the hard work and asked every device manufacturer to see when their devices would be getting the update.
Product Review

Want to see how powerful the Snapdragon 855 chip is? Just rev up the Xiaomi Mi 9

How fast do you want to go? If the answer to this is “as fast as possible,” then take a long look at the Xiaomi Mi 9. It’s one of the highest performance smartphones you can buy. It’s a real monster, and we’ve been using it.
Mobile

Protect and style your Samsung Galaxy S10 with the best cases and covers

If you've splashed the cash for a shiny new Samsung Galaxy S10, then you'll want to take steps to protect your investment. With a metal frame and glass curves, the S10 needs some cover. Check out the best Samsung Galaxy S10 cases.
Health & Fitness

Nike’s Android app is bricking its $350 Adapt BB self-lacing shoes

A firmware update for Nike's new self-lacing Adapt BB shoe appears to be bricking the $350 footwear for some owners. Android users have said the Nike app no longer pairs with the shoe, rendering the tightening mechanism useless.
Mobile

Where to buy the Samsung Galaxy S10, S10 Plus, and S10e in the U.K.

The Samsung Galaxy S10, S10 Plus, and S10e have all been officially announced and can be pre-ordered right now, with deliveries expected on March 8. If you're in the U.K., this is where you need to go to buy one.
Mobile

You can now pre-order the Samsung Galaxy S10, S10 Plus, or S10e

The Samsung Galaxy S10 is one of the most-anticipated phones of the year, offering a new chipset, beautiful display, and more. Now that the phone has been announced you might be wondering where you can get it for yourself.
Mobile

Sony partnership with Light aims to take smartphone photography to new heights

Smartphone photography is in its ascendancy, and a new partnership between Light and Sony hopes to lift it to new heights through the development of multi-image sensor solutions for smartphones. We spoke to Light to find out more.
Mobile

Samsung Galaxy S10 vs. Google Pixel 3: Can Samsung beat the stock Android king?

The Samsung Galaxy S10 is here, offering modern specs, a beautifully high-resolution display, and an edge-to-edge design with a small cutout in the display for the front-facing camera. But can the phone take out the Google Pixel 3?
Deals

Protect your iPhone or iPad with the IPVanish VPN, on sale through February

One of our favorite virtual private networks for iPhones and iPads, IPVanish, is now offering a huge discount on its two-year subscription as part of its 7th-birthday promotion. Read on to find out more about how this VPN works and how you…
Mobile

Verizon is launching real standards-based 5G in 30 cities in 2019

Verizon is in the midst of a massive 5G rollout. In addition to fixed 5G service, it will also begin deploying mobile 5G in the coming months. Here's everything you need to know about Verizon's 5G network and when it will be in your town.
Deals

Stay fit and save cash with our top 10 affordable Fitbit alternatives

As much as we love Fitbits, they're rather expensive. If all you want is a simple activity tracker, however, then check out these great cheap Fitbit alternatives. With offerings from brands like Garmin, you don't need to pay full price.
Mobile

Samsung Galaxy S10e vs. OnePlus 6T: Can the Flagship Killer survive?

The Samsung Galaxy S10e is the new affordable flagship on the block, but at $750, it's $200 more than the OnePlus 6T. Does the Flagship Killer stand a chance against the new generation of flagship devices? Let's take a closer look.