Since LG exited the global smartphone race and Huawei's lack of Google Mobile Services effectively put the Chinese behemoth out of the race, Samsung has been left to do its own thing in the Android space. The brand does now face more well entrenched competition in the form of OPPO, Honor, Xiaomi, and vivo among others, but frankly speaking, the market isn't in the best condition. Unfortunately the global smartphone market has seen a bit of a downturn of late. As CounterPoint Research reports, the global smartphone market declined 14 percent year-on-year in the first quarter of 2023. This downturn affected Samsung last quarter and it seems to have persisted into the second quarter. Revenue across the board is down 6 percent compared to the first quarter and this drop is largely due to a decline in smartphone shipments. Looking at results year-on-year, Samsung's profits are down 95 percent, the same drop it reported in Q1.