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Global smartphone sales saw a strong rebound in 2024, increasing by 6.2% to an estimated 1.24 billion units, but Apple’s growth was minimal at just 0.4%. While Apple remains the profit leader with an average selling price over $1,000, Android competitors are rapidly gaining market share, particularly in China and emerging markets. The recovery was driven by pent-up demand and the availability of more affordable devices, although AI enhancements did not significantly attract consumers.
Samsung Electronics has elevated Jun Young-hyun, head of its semiconductor division, to co-CEO just six months after his appointment. This move underscores the company's commitment to competing with SK Hynix in the AI market, as he will now directly oversee the memory division, a role typically assigned to a subordinate.
South Korea"s stock market faces a "Korea Discount," where shares trade at lower valuations compared to global peers, largely due to poor corporate governance and the geopolitical risk from North Korea. President Yoon Suk Yeol aims to enhance board accountability to attract retail investors, but he must navigate entrenched business interests that benefit from the current system. Major firms like Samsung and Hyundai are often undervalued despite comparable profitability to international competitors.
The global virtual reality in healthcare market is projected to grow significantly, driven by advancements in hardware and software, particularly in rehabilitation and therapy procedures. North America is expected to dominate the market, while Asia Pacific will experience the fastest growth due to rising healthcare costs and demand for non-invasive treatments. Key players include Emirates Health Services, Samsung Electronics, and others, focusing on innovative solutions to meet the increasing need for effective healthcare options.
South Korean stocks are poised to hit a one-year low as foreign investors offload shares in major exporters like Samsung Electronics, which are at risk from Donald Trump's protectionist trade policies. The benchmark Kospi index dropped by as much as 2.3% on Wednesday, making it the worst performer in Asia amid a regional selloff driven by concerns over potential tariffs and rising inflation.
The Biden administration is racing to finalize agreements under the Chips Act with major companies like Intel and Samsung before President-elect Donald Trump takes office. The Commerce Department has allocated over 90% of the $39 billion in grants from the 2022 Chips and Science Act but has only announced one binding agreement to date.
The edge computing in healthcare market is projected to grow from $3.81 billion in 2023 to $10.60 billion by 2028, driven by the rise of telehealth services, wearable health technology, and the need for real-time data processing. Key players like Nvidia are innovating with AI platforms to enhance patient outcomes and operational efficiency. Major trends include the integration of AI, expansion of the Internet of Medical Things, and advancements in virtual healthcare services.
Samsung Electronics is set to contribute approximately half of South Korea's economic growth this year, marking its largest impact on record. The company, which represents about 8% of the nation's manufacturing output and 17% of the main stock index's market capitalization, is expected to add 1.1 percentage points to the projected 2.2% growth.
Intel Corp. and Samsung Electronics Co. have lost a combined $227 billion in market value this year due to their struggles in artificial intelligence leadership. Although recent results provided a temporary boost to their stocks, analysts warn that both companies face significant challenges ahead to regain their competitive edge.
Samsung Electronics Co. reported disappointing profits from its chip operations, earning 3.86 trillion won ($2.8 billion) in the September quarter, falling short of the 6.7 trillion won forecast. This shortfall highlights the company's challenges in competing in the lucrative AI chip market.
Samsung Electronics Co.
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