Samsung's mobile division might post its 1st-ever operating loss
Business
Samsung's mobile division, usually a steady profit-maker, might post its first-ever operating loss this year.
The company is feeling the pinch from rising production costs and ongoing memory shortage and has even cut back on perks like business-class travel for executives.
It's a big shift for one of the world's largest smartphone makers, showing just how tough the market has become.
The smartphone market is facing a major downturn
Even with strong sales from the Galaxy S26 series, Samsung is up against fierce competition from Apple and bigger industry problems.
Experts say this year's smartphone slump could be worse than what we saw during COVID-19.
How Samsung handles these cost and supply issues will shape whether it can keep its lead in an increasingly crowded market.