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Samsung can't afford it anymore, its profits have plummeted by 99.3% in eight months! Korean media angrily rebukes: Shame in Shame

Tech 2023-10-23 00:54:53 Source: Network
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Amidst the tumultuous waves of technology, Samsung, a giant ship that once sailed in the ocean of technology, seems to be in a state of turmoil. A shocking news hit every person who pays attention to the technology industry on the cheek like a loud slap in the face


Amidst the tumultuous waves of technology, Samsung, a giant ship that once sailed in the ocean of technology, seems to be in a state of turmoil. A shocking news hit every person who pays attention to the technology industry on the cheek like a loud slap in the face. Those eyes that were once full of anticipation and admiration for Samsung are now filled with disbelief and disappointment. South Korean media, as compatriots of Samsung, cannot accept such a reality. They angrily and almost despairingly reported such a news, as if accusing how this once proud person has gradually moved towards such a land.

The astonishing numbers bear the hardships of Samsung during this period. In just the past 8 months, Samsung's profits have plummeted to only 0.7% of the original level, and such a sharp drop is so devastating that one cannot help but feel sorry for this former technology giant. This is not only a decline in numbers, but also a symbol of a giant's decline, the end of an era and the beginning of a new era. The South Korean media did not conceal their disappointment and anger, using the term "shame in shame" to describe Samsung's current situation, demonstrating their concern and dissatisfaction with the pride of this country.

In the face of such a dilemma, we have to ask: What has happened to Samsung, a former technology giant? What force has made this once dominant leader in the global technology field so embarrassed now? We are trying to find answers and understand the more complex and profound reasons behind this. To solve this puzzle, perhaps we need to delve deeper into and analyze it.

Samsung is facing unprecedented impacts from its Chinese and American competitors. In the global market competition, Samsung's share is being gradually eroded by powerful competitors. In the most important market of smartphones, brands such as Huawei, Xiaomi, and Apple are emerging rapidly, posing a great threat to Samsung. Especially Chinese brands, with their superior cost-effectiveness and innovative capabilities, are gradually eroding Samsung's market. Such market changes undoubtedly bring enormous pressure and challenges to Samsung. At this moment, Samsung seems to have felt the oppression and uncertainty of survival.

The anger and disappointment of the Korean media like a storm swept the sky of the technology industry. This is not only a dissatisfaction with Samsung, but also a deeper reflection of concerns and unease about the future fate of the entire country's technology enterprises. Samsung, as a technology giant and national pride in South Korea, every ups and downs will affect the pulse of the country's economic and technological development. Now, in the face of severe challenges and difficulties, Samsung must catch up, respond more actively to various doubts and inquiries, have responsibility, courage, and rediscover its position and direction of progress.


Samsung should look to the future, innovate boldly, and find new growth opportunities and market breakthroughs. Faced with the drastic changes and competition in the global technology industry, we cannot remain complacent and only focus on our existing fields. We must broaden our horizons, seek new market space and development opportunities, be brave in trying and taking risks. At the same time, it is also necessary to strengthen internal management and execution. Only by establishing a more comprehensive and efficient organizational system can we better respond to external changes and challenges, regain a place in the fierce global technology industry competition, and regain our former glory.


Looking back at the long river of history, Samsung has always been at the forefront of technological innovation and research and development investment, which has become a strong backing for Samsung's stable market position and influence. However, in today's rapidly changing and fiercely competitive technology era, relying solely on past honors and achievements is far from enough. It is necessary to have a forward-looking perspective, a mindset that keeps up with the times, and the ability to keep up with the pace of the times and comply with the trends and trends of technological development.


Looking forward to the future, Samsung must be closer to users and pay more attention to meeting their actual needs and expectations. In the design and development of products and services, it is necessary to be more humane and considerate. We need to truly focus on users, listen to their voices, and have a deep understanding of their needs. In the process of product development, it is not only necessary to pursue technological innovation, but also to focus on optimizing and improving user experience, striving to create more high-quality and cutting-edge products and services, meeting the diverse needs of users, and winning their sincere recognition and satisfaction.


Samsung, as a global technology giant, urgently needs to undergo a profound and comprehensive reform and optimization internally. At present, talent is the key to moving forward for enterprises. Samsung should listen to the voices of young people, absorb fresh blood, and build a more diverse and vibrant work environment. In terms of talent cultivation, enterprises can develop more refined and personalized training plans to help employees better realize their self-worth, while injecting continuous innovation momentum into the enterprise. In terms of organizational culture construction, we can establish more comprehensive incentive mechanisms, allowing each member to find their own position, sense of belonging, and sense of achievement here. Through this approach, Samsung can build a more cohesive, innovative, and dynamic team to cope with constantly changing market and technological challenges.

There is no eternal success, only eternal effort. "This sentence is a thought-provoking warning for Samsung, which has a glorious history. Faced with the current difficulties, Samsung should not stop moving forward, but should see it as a valuable opportunity to re-examine and adjust itself. Now is an era where both challenges and opportunities coexist, and every dilemma heralds a new starting point and possibility. For Samsung, the key lies in how to discard old burdens, clarify its future direction and strategy with a new attitude, fully utilize existing resources and advantages, and move forward bravely.

In the current era of accelerated globalization and digitization, the wheels of the times are rolling forward. Samsung must seize this historical opportunity and position itself in the direction of future development. On a global scale, technology is constantly advancing and market demand is constantly changing. As an enterprise, it is necessary to maintain keen insight and strong rapid response ability. Samsung needs to clearly plan its development path and make wise and firm choices in this context to achieve sustainable development and long-term goals of the enterprise.

New technological revolutions and industrial changes, such as blockchain, artificial intelligence, big data, etc., are powerful driving forces for enterprises to continue moving forward. These cutting-edge technologies provide infinite possibilities and vast space for Samsung's development. Samsung should keep up with the pace of the times, conduct in-depth research on these technologies, and strive to apply them to actual production and service, in order to improve the competitiveness and market share of the enterprise. In this era full of change, seizing the opportunity of new technology is the key for Samsung to reach a new peak.


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