According to Korea trade released by the industry and energy department, the country's smartphones’ export tumbled by nearly 36% to $ 1.1 billion in October, while the iPhone 6 and cheap Chinese phone are well welcomed in the market.Korea related industries exports overall declined due to its global influence of IPhone 6/ 6 plus and the Chinese manufacturers are aggressively from low-end to mid-market expansion.
In fact, Korea’s smartphones exports to the United States of have grown in October. But in the world's second-and third-largest markets (China and Japan), it declines, respectively. If all phones included in the statistics (including non-smartphone), Korea in October of this year exports amounted to us $ 2.42 billion, dropped as much as 17.7%.
Korea’s smartphones to United States exports reached 670 million dollars in October, up 17.1% compare to the same time last year. Viet Nam and Brazil has gradually become a Samsung focus areas, was 330 million/$ 100 million, growth of 52.6% and 12.8%.
In mainland China and Hong Kong, due to competition from domestic manufacturers such as Xiaomi, Samsung's exports slipped to 5.9% (US $ 710 million). There have been sharp fall in 36.8% (US $ 160 million) in Japan market.
But the good news is Korea reach over $ 1 billion in exports in 3 months for the first time due to the release of LG G3 and Samsung Galaxy Note 4.
Korea total exports of $ 16 billion in October only 1 percent fell than the growth rate last year, for the semiconductor industry’s success. While Samsung's operating profit declined by 60%, but its revenue of the semiconductor business is still very strong (up to us $ 2.1 billion).
For more information: search for dbx.com.cn
In fact, Korea’s smartphones exports to the United States of have grown in October. But in the world's second-and third-largest markets (China and Japan), it declines, respectively. If all phones included in the statistics (including non-smartphone), Korea in October of this year exports amounted to us $ 2.42 billion, dropped as much as 17.7%.
Korea’s smartphones to United States exports reached 670 million dollars in October, up 17.1% compare to the same time last year. Viet Nam and Brazil has gradually become a Samsung focus areas, was 330 million/$ 100 million, growth of 52.6% and 12.8%.
In mainland China and Hong Kong, due to competition from domestic manufacturers such as Xiaomi, Samsung's exports slipped to 5.9% (US $ 710 million). There have been sharp fall in 36.8% (US $ 160 million) in Japan market.
But the good news is Korea reach over $ 1 billion in exports in 3 months for the first time due to the release of LG G3 and Samsung Galaxy Note 4.
Korea total exports of $ 16 billion in October only 1 percent fell than the growth rate last year, for the semiconductor industry’s success. While Samsung's operating profit declined by 60%, but its revenue of the semiconductor business is still very strong (up to us $ 2.1 billion).
For more information: search for dbx.com.cn