Samsung has warned staff that the firm expects a difficult business environment in 2016 amid growing concerns of the tech giant's financial health and slowing sales.
As reported by Reuters , Chief Executive Kwon Oh-hyun told employees at a New Year address that low global growth patterns are expected to continue throughout 2016, which may be compounded by uncertainty and risk factors associated with emerging markets in developing countries.
While the Samsung executive did not disclose any specific figures or forecasts, there is also greater competition against the firm's main businesses - consumer electronics, television sets and chip production - which may also block the South Korean company's wishes for expansion.