As we leave the first month of 2024 behind us, financial status reports are starting to come in from tech giants. Almost all companies, in 2023 for the last quarter They shared their financial status reports. Shared data, an interesting statistic also revealed.

Tech companies have been going through a tough process lately. While consumer demand is falling costs are increasing, leading to a decline in profitability. One of the brands most affected by this situation was South Korean tech giant Samsung. The company’s profit margin, which does not paint a very encouraging picture for the whole of 2023, will decline year-on-year in the last quarter of 2023. showed a decrease of 34 percent.

While Samsung’s revenues fell, Sony overtook its rival!

While Samsung is bleeding, mainly due to declining demand, its Japanese rival is from Sony A remarkable step has been taken. For the first time since 1999, Sony made more profit than Samsung. While Samsung’s profits were recorded at $5.62 billion per year, Sony made a profit of $7.95 billion in 2023. The difference is, more than 2 billion dollars.

Samsung is hopeful for 2024. However, it’s unclear whether the $2 billion gap between Sony and Sony will be easily closed. unsure. Samsung has been surviving in the display panel and processor industry rather than smartphones for a long time. Whether strength in this area will give Samsung an edge over Sony we will see in time.