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Samsung Electronics operating profit is drop by almost 70% in the fourth quarter

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The fourth quarter of 2022 was not proven profitable for Samsung because its Quarter on Quarter performance reduced in Q4 from Q3. Recently, the reports of figures for manufacturers’ profit and market shares have come out. According to these reports, Samsung has seen a sudden fall in operating profit which is because of the low demand for semiconductors and home appliances. Let’s take a look at the complete stats. (via- The Korea Herald)

According to an analyst of FnGuide (a market intelligence), in the Q3 of 2022, Samsung’s operating profit saw a huge decline of approximately 69%. Samsung had expected Q4’s profit to be 4.3 trillion KRW, which was nearly 13.87 trillion KRW last year, which means the company has seen a 6.93 trillion KRW loss. Notably, it is the first time after the year 2014 that the company’s operating profit went down less than 5 trillion KRW.

Let us tell you, in the period of Q3 (October to December), it was expected that Samsung’s sales would go down by 8.6% on a yearly basis and fall to 70 trillion KRW, which was 76.57 trillion KRW in the previous year. The operating profit was also expected to be 43.37 trillion KRW by 16% decline from last year’s 51.63 trillion KRW. Its sales were also assumed to increase from 279.6 trillion KRW to 301.77 trillion KRW by 7.9% growth.

Notably, the South Korean firm Samsung’s whole year’s 301.6 trillion KRW. Samsung’s sales last year recorded a total of 280 trillion KRW. The sales have risen by more than 7.93% this year as compared to the previous year. However, this increase is still lower than the whole market’s unanimity of a total of 304.8 trillion KRW.

In that manner, one of Samsung’s officials has stated, “Amid persistent uncertainties over macroeconomics, chip sales plunged due to lower demand from memory chip and smartphone businesses.” He also added, “Prices continued to decline by a wider margin than expected following global suppliers’ readjustments in inventories. Smartphone and home appliance sales also declined due to decreased consumer spending.”


Harsh is a seasoned technology enthusiast with a deep passion for Android. Since its announcement in 2007, he has closely followed the evolution of this operating system, gaining a comprehensive understanding of its features and capabilities. His background in Android, IT, and Journalism has equipped him with the skills to analyze and present complex technological concepts in a clear and engaging manner. As the Editor-in-Chief at Samlover.com, Harsh is dedicated to sharing his knowledge and experiences about Android, services, and applications with the world.

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Samsung Galaxy S25’s advanced AI novelties could boost its price

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Samsung Galaxy S24 Ultra Brightness & Adaptive Color Tone

Samsung started working on the Galaxy S25 series, which is supposed to be launched early next year. This forthcoming device is expected to be priced higher as compared to its predecessor. 

Samsung will expand its high-end S series by introducing a next-gen smartphone series named the Galaxy S25. It’s too early to discuss the Galaxy S25, but leaks and rumors are doing their jobs by offering more details about the upcoming Galaxy S25. This upcoming device is expected to cost more than the current S-series devices. 

The reason behind this report appears to be that a Galaxy S25 will be more expensive than a Galaxy S24 due to its higher manufacturing costs. The US chip designer Qualcomm could push the upcoming Snapdragon 8 Gen 4 into production in the second half of the year. This latest chipset is expected to boost AI processing. 

Snapdragon 8 Gen 4 will be a truly advanced chip, but its high-end tech advancements might lead to higher costs, which could translate into a price hike for the upcoming Galaxy S25. The report suggested that, according to a recent prediction from industry watcher Ming-Chi Kuo, Qualcomm might increase the cost of the Snapdragon 8 Gen 4 by 25–30% compared to the Gen 3 solution. 

The Snapdragon 8 Gen 4 will be manufactured on the 3nm N3E process by TSMC; it’s the same technique used to build Apple’s A18 Pro chip. This shift will supposedly cause the Snapdragon 8 Gen 4 to be 25–30% more expensive than its predecessor. Snapdragon 8 Gen 3 costs around $190–$200; by this metric, the upcoming Snapdragon 8 Gen 4 might cost $260. 

However, Samsung could deal with the higher expenses of the Snapdragon 8 Gen 4 for the Galaxy S25 by absorbing the cost or reducing the quality in other areas, such as the battery or display, but this could be risky, such as switching to its in-house Exynos 2500 chip. The upcoming chipset will be fabricated from TSMC’s most advanced process and should bring performance gains to the CPU, GPU, and NPU (AI processing).

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Samsung Galaxy S21 series is receiving June 2024 security update in Europe 

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We are in the middle of the month, and Samsung is rolling out this month’s June 2024 security patch for Galaxy S21 smartphones in the European market. 

Samsung Galaxy S21 series, which includes three models – Galaxy S21, Galaxy S21+, and Galaxy S21 Ultra, is receiving a new June 2024 security patch in Europe. The brand has already rolled out this update for the Galaxy S21 smartphone in the US on the Verizon network. The update for the European market has arrived with its specific firmware version, as mentioned here – 

  • Galaxy S21 – G991BXXSBGXED
  • Galaxy S21+ – G996BXXSBGXED
  • Galaxy S21 Ultra – G998BXXSBGXED

Samsung’s June 2024 security update fixed all the bugs and known issues that were housed in the previous version and were creating some inconvenience while performing a few functions. Since all the bugs were fixed with the update, it will surely enhance the overall system software. 

The June 2024 security patch fixes 59 security vulnerabilities to upgrade the security and privacy of the device. It also boosts the overall system performance, security, reliability, and stability of the device to deliver a seamless and flawless performance. 

The Galaxy S21 users currently receding in Europe are eligible to download the update. Interested users can easily download the update by just following simple steps – Go to Settings >> Software Update >> Download and install.   

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Firmware

Samsung released June 2024 security patch for Galaxy Fold 5, Flip 5, Fold 4, Flip 4, Fold 3 & Flip 3 

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The Korean brand Samsung is releasing a June 2024 security patch for several Galaxy foldable devices. 

A bunch of Galaxy foldable devices include Galaxy Z Fold 5, Galaxy Z Flip 5, Galaxy Z Fold 4, Galaxy Z Flip 4, Galaxy Z Fold 3, and Galaxy Z Flip 3. All of these devices are receiving the update in the US on the Verizon network. Each of the devices getting this new update with their identification firmware version as mentioned below –

  • Galaxy Z Fold 5 – F946USQS3CXE9
  • Galaxy Z Flip 5 – F731USQS3CXE9
  • Galaxy Z Fold 4 – F936USQS5FXF1
  • Galaxy Z Flip 4 – F721USQS5FXF1
  • Galaxy Z Fold 3 – F926USQS6IXF2
  • Galaxy Z Flip 3 – F711USQS7IXF2 

Samsung has already released the June 2024 security patch for several devices. However, this update does not bring any significant upgrades or notable changes; it fixes all the bugs and known issues. The update fixes all the security vulnerabilities, which will enhance the overall security and privacy of these devices. 

The update brings approximately 60 patches to fix multiple vulnerabilities. More particularly, Google has offered 37 patches to be applied to the Android OS. This June 2024 security patch boosts the stability, reliability, and overall system software of the devices mentioned above. 

If you own any of the devices mentioned above, you can easily download this latest security patch in three steps: Go to Settings >> Software Update >> Download and install.

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