Sony’s Profit Surpasses Samsung’s for the First Time Since 1999

As we leave the first month of 2024 behind, financial status reports of technology giants have started to arrive. Almost all of the companies, by 2023 regarding the last quarter They shared their financial status reports. Shared data, an interesting statistic also revealed.

Technology companies have been going through a difficult process lately. While consumer demand is falling costs are increasing, which leads to a decrease in profitability. One of the brands most affected by this situation was South Korean technology giant Samsung. The profit margin of the company, which does not draw a very encouraging picture for the whole of 2023, will decrease on an annual basis in the last quarter of 2023. showed a decrease of 34 percent.

While Samsung’s revenues were falling, Sony overtook its rival!

While Samsung is suffering from bleeding, especially due to the decrease in demand, its Japanese rival from sony A remarkable move has been made. For the first time since 1999, Sony made more profit than Samsung. While Samsung’s profit was recorded as 5.62 billion dollars annually, Sony made a profit of 7.95 billion dollars in 2023. The difference is, over 2 billion dollars.

Samsung is hopeful for 2024. However, it is unclear whether the $2 billion gap between Sony and Sony will be easily closed. not sure. Samsung has been surviving in the screen panels and processor industry rather than smartphones for a long time. Whether the strength in this field will put Samsung ahead of Sony we will see in time.