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Samsung Mobile Faces First Operating Loss, Cuts Costs

3/13/2026

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Summary

Story summary

Samsung's mobile division (MX) is reportedly posting its first-ever operating loss, prompting broad cost-cutting measures.
Executives will travel in economy class to reduce expenses across travel budgets.
The company is grappling with a memory shortage and increased competition from Apple and Motorola.
Preorders for the Galaxy S26 series are reportedly up by 25%.

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Story summary

Samsung's mobile division (MX) is reportedly posting its first-ever operating loss, prompting broad cost-cutting measures.
Executives will travel in economy class to reduce expenses across travel budgets.
The company is grappling with a memory shortage and increased competition from Apple and Motorola.
Preorders for the Galaxy S26 series are reportedly up by 25%.