<|begin_of_text|><|begin_of_text|><|begin_of_text|>Samsung Electronics reported its lowest annual profit since 2011 during its earnings call today as its smartphone sales continue to suffer from increasing competition. In 2014, the company’s profit was 25 trillion won, a 32 percent drop from<wm> a profit of 34.88 trillion won a decade ago, while in 2020, it earned 11.82 trillion won.
It's also reported this week the company's home appliance sales also dropped 34% in 2020 due to the outbreak of the Covid-19 pandemic and people staying home more often due to the lockdown in Korea. These trends suggest a slow recovery on any industry the company depends greatly on, such as electronics and appliances. However it's also predicted to see</wm> revenue of the company continue down. We are seeing trends of slowing business with increasing losses during a time