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