News
Samsung Drops Seven Notches: Ranked 22nd in 2022
As of June 2022, Samsung has a market capitalization of $324.89 Billion. It makes Samsung the world’s 22nd most valuable company by market cap, according to a report by PwC (Price Waterhouse Coopers) based on Bloomberg’s data.
Market capitalization is the total market value of a publicly-traded company’s outstanding shares and is commonly used to measure how much a company is worth.
This year, the Samsung group ranked 22nd from 15th last year, dropping it down 7 steps on the global market cap compared to the previous year’s position with a market value of $342 billion as of March. That is stooping a 21 per cent decrease from $431 billion, putting Samsung in 22nd place. It also affected the share price. However, we have seen those weak since earlier this year. The closed share price of Samsung on June 31 2022, was 69,600 KRW, on March 31, compared with 81,400 last year. Furthermore fell to 62,100 KRW as of June 13 2022.
Following were key highlights according to the PwC Report:
The top 5 players remain unchanged from the 2021 Global Top 100.
We saw a 19% increase in the market capitalization of US companies in the current Global Top 100 (from March 2021). A 23% decrease in the value of companies from China and its regions in 2022.
The US market dominates the Global Top 100 and continues to increase relative size.
In 2022 the value of the Global Top 100 companies from mainland China and its regions decreased by 23%; in contrast, companies from the US increased by 19%.INDIA also marked a 24% growth from 337$B to 417$B.
We saw persistent and continuing growth, increasing technology dominance, and the emergence of Health Care.
The technology sector and healthcare both outperformed 11%, i.e. growth from last year having SHELL PLC UK 161%, NVIDIA CORP 107%, APPLE inc. 39% and TESLA INC 74% seeing the most growth this year. Taiwan’s TSMC captured 10th place.
However, SAMSUNG remained on the list of top 10 companies suffering the most drop in market cap along with the WALT DISNEY -25%, INTEL CORP -22%, PayPal at 53%, and Alibaba at 52%, Tencent at 39%, and Netflix at 28%.
According to the industry, the reason is the pandemic and Russia Ukraine war for these ups and downs in the market.
While Apple retained the no.1 spot, Microsoft jumped a rank, making it 2nd from last year in market capitalization.
All of this and still Samsung was the only company from the S.Korea to list top 100 global companies in market cap this year.
Price Waterhouse Coopers PwC deals in corporate finance accounting services like audit, tax analysis, business compliances, corporate finance, risk management, security, and the latest in the financial industry.
Bloomberg L.P. is a privately held financial, software, data, and media company.
Readers can check out the given links for more details and figures included in the report and information regarding the respected firms/companies or group & their standing and past market share capitalization history.
The Korean brand – Samsung has recently announced its two mid-range Galaxy smartphones – Galaxy A55 5G and Galaxy A35 5G. A new benchmark listing has a spot for Samsung’s affordable smartphone, Galaxy35 5G.
Samsung is now gearing up for its next affordable Galaxy smartphone, the M35 5G, as the reports are unvunveilhey have found a new benchmark listing for Samsung the Galaxy M35 5G.
The smartphone has been spotted with the model number as an identification code – SM-M356B on the Geekbench 6.2.2 database. Not only this, but it also confirmed the presence of 6GB of RAM and Android 14 OS. The chipset also came to know which is the latest Exynos 1380.
The codename for the motherboard is also mentioned, which is ‘s5e8835.’ The reports say that it has scored 656 and 1967 points in performance scores on the benchmarking platform. Exynos 1380 is the latest chipset of the Korean brand, which is a 5 nm processor. It consists of 4 Cortex A78 cores, which clock at 2.4GHz, and 4 Cortex A55 cores, which clock at 2.0GHz. It is coupled with a Mali g68 MP5 GPU. It also has an AI Engine.
This also offers connectivity options, which include the latest Bluetooth version 5.3 and Wi-Fi 802.11 ax with three bands. It supports a camera resolution of at least 200MP for capturing images, and for video recording, there is support for up to 30fps 4K recording. The storage supported is UFS v3.1, and RAM will be of the LPDDR4x/5 type.
Samsung has recently debuted its two smartphones, Galaxy A55, and Galaxy A35; the Galaxy A35 5G smartphone is powered by Exynos 1380 chipset. From this perspective, Galaxy M35 5G could be a variant of Galaxy A35.
At the moment, no specs and features of the device have been revealed or leaked. Still, since Galaxy M series smartphones usually have a bit higher battery power of at least 6000mAh, the forthcoming Galaxy M35 5G smartphone also arrives with the same battery power.
Firmware
Verizon rolls out the March 2024 security patch update for the Galaxy Z Fold 3 and Galaxy Z Flip 3 devices
Verizon has rolled out the March 2024 security patch update for the Galaxy Z Fold 3 and Galaxy Z Flip 3 devices. Earlier, these devices had received the same update outside the US, but now they are gradually expanding to the US.
The Galaxy Z Fold 3 and Galaxy Z Flip 3 are spotted getting new updates with the firmware version numbers F926USQS5HXBD and F711USQS6HXBD, respectively. It is worth noticing the update is currently available for the devices locked to Verizon, but it will soon be available on more carriers.
For your information, the latest update for Galaxy Z Fold 3 and Galaxy Z Flip 3 doesn’t bring any significant changes, but as it is the latest security patch, it will provide some internal fixes to maintain the security of the devices.
If you are getting some other issues from the last update, you should also update the device to the latest update, as it may also address some issues. Along with the update, other improvements may also be made to enhance the overall performance of the devices.
Suppose you use the Galaxy Z Fold 3 or Flip 3 device in the US. In that case, you can update the device to the latest version by simply going to the system settings and then to the software update. If you haven’t received the update, you should wait for some time, as it may arrive in the next few days.
Firmware
Samsung rolls out the March 2024 security patch update for the Galaxy S23 FE devices in the US
Samsung has rolled out the March 2024 security patch to almost all devices but still needs to complete the update distribution to all eligible devices. So, gradually expanding the update to remaining devices, the company has started rolling out the update for the Galaxy S23 FE in the US.
Notably, the Galaxy S23 FE devices are getting a new update in the carrier-unlocked version with the firmware version number S711U1UES2BXBF. The update has already been rolled out to almost all carriers, including AT&T, Bluegrass Cellular, C-Spire, Cellular South, Comcast, Cricket, DISH, MetroPCS, T-Mobile, Tracfone, US Cellular, Verizon, and Xfinity Mobile.
According to the official changelog, the March 2024 security patch is one of the standard maintenance updates that provides some internal improvements for the device, and there will be no visible changes available. In other words, users may experience some improvement in the functioning of devices, but it doesn’t particularly bring any specific changes for the device.
Going to the details, the March 2024 security patch includes more than 40 fixes, 37 of which are provided by Google and address the issues found in the Android OS, while 9 more features are introduced by Samsung that enhance the performance of Galaxy devices exclusively.
Suppose you are using the Galaxy S23 FE in the US. In that case, you can update the devices to the latest version by following the simple steps: first, go to the system settings, tap on the software update, and tap on the download and install button; if it shows a new update available, tap on the download button.