Media: Samsung in crisis, cutting costs by 30%
The strong sales of the Galaxy S26 are not helping the situation.
FN News reports that Samsung is in the midst of a major crisis. All of the company’s divisions, except for the semiconductor division, have gone into “emergency mode.”
Samsung’s MX mobile device division is reportedly preparing for its first loss since its inception due to rising chip purchasing costs. Tensions in the Middle East are also affecting logistics costs.
As a result, Samsung MX’s operating profit is forecast to drop by more than 60% this year. The company’s TV division is bracing for a loss of 200 billion won.
The main DX (digital experience) division ordered a 30% cut in fares for all other destinations. This decision was taken to the point where executives below the rank of vice president were required to fly economy class instead of business class.
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