While Samsung predicts that the demand for 5G mobile phones will continue to increase at its annual shareholders meeting, it expects the global smartphone market to shrink this year due to the COVID-19 outbreak. “We expect this year’s smartphone market to shrink after the Corona virus outbreak, but demand for 5G smartphones will grow,” said DJ Koh, Samsung’s CEO, who oversees mobile and networking. said.
Adding that budget-friendly smartphones have grown rapidly in the emerging markets, CEO Koh said that the company will launch new models in various price bands. At the same time, the company said it would encourage sales, adding that it would increase operational efficiency to make a profit.
Global chip market will grow
Multinational company; He said that the global chip market will grow this year due to the increasing demand for artificial intelligence, cars and 5G. He said excessive supply and the US-China trade dispute also led to a drop in semiconductor prices.
Samsung continues research for outbreak
Whether the corona virus outbreak affects production, Samsung co-CEO HS Kim explained the situation as follows. Kim stated that he did not encounter any problems with production due to the effects of securing components in China in the early stages of the epidemic. However, he added: “The Corona virus, also known as Covid-19, has been suppressed somewhat in South Korea, but is just beginning worldwide. We have yet to determine exactly how the corona virus will affect distribution and consumers. We will do more research to prepare for this. ”