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Samsung is a popular phone company that makes, well, popular phones. We expect the company’s new phones to be more popular than their predecessors, and that’s what happened in this case. The Galaxy S23 is more popular than the Galaxy S22, according to Sam Mobile.
The company just posted its Q2 2023 earning report, and it shows some mixed results. The company’s income is down because of its declining sales in the semiconductor market. While that’s the case, other divisions of Samsung are seeing varying levels of success. Basically, we don’t think that Samsung is going to be filing for bankruptcy anytime soon.
The Galaxy S23 is more popular than the Galaxy S22
Samsung’s phones have been weathering the declining smartphone market, and they see varying degrees of success. The Galaxy S22 Ultra was a runaway success last year breaking pre-order records. From that moment, it looked like the company had the right formula because it repeated the same thing this year.
This year, Samsung released the Galaxy S23 and Galaxy S23+ as the two more standard phones. Above them sits the Galaxy S23 Ultra. This is the monster of a phone sporting a near-tablet-sized display with more pixels and the S Pen. While last year’s phones were popular, the Galaxy S23 seems to be more popular. Samsung says that the Galaxy S23 outsold the S22 in both volume and value.
The smartphone market is in a tough place
This is significant, as the smartphone market is continuing to decline. Fewer and fewer people are buying smartphones nowadays. The economy is in a tough spot that keeps getting tougher. Folks are having to make tough choices about what they’re going to do with their money. “Do I buy a new phone or be able to pay my rent?”
Samsung shipped 37% fewer units in Q2 2023 compared to the same period last year. That’s not great, but we know that the company will see an increase this quarter and the next. It’s soon to release its Galaxy Z Fold 5 and Galaxy Z Flip 5. This will boost its numbers.
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