Connect with us

News

Samsung to cut Memory Chip Production due to messed up quarterly profit

Published

on


A few days ago, the South Korean firm Samsung shared information regarding their Quarter 1st’s operating profit. Unfortunately, the company didn’t perform well this time and saw a 92% YoY fall in quarter 1st’sprofit. After the year 2009, it was the first time in these 14 years that Samsung get to experienced this colossal earning shock. 

Notably, Samsung’s 1Q23 operating profit dropped by 95.2% as compared to 1Q22. In the first quarter, they gained an operating profit of 600 billion won (US$454 million) over sales of 63 trillion won (US$48 billion). It shows that Samsung’s sales have dropped by 10.6%, followed by a drop of 86.1% in operating profit. 

However, Samsung didn’t share info regarding the business segment, but it seems they have seen a loss of 3-4 trillion won. Notably, this huge loss is due to the continuously weakening memory semiconductor prices. On top of that, semiconductor and display earnings declined, and IT product demand is also not growing.

The future Exynos 2500 SoC to have an optimized Samsung Mobile GPU

By looking at all of these circumstances, the Korean company has decided to cut its semiconductor production. They have also made a statement in that manner, “Although we have revised our short-term production plan to make a cut in production, we expect solid demand in the mid-to-long-term.”

The company has taken this step because it believes that it will surely improve the memory supply-demand situation and stabilize the demand. As a result of this memory chip production cut, Samsung’s stock price closed at 65,000 won (US$49.17), which in particular rose by 4.33% as compared to the previous day. 

Samsung One UI heaviest but the most stable Android skin for Galaxy devices

Global Times (GT), a Chinese state-run English-language newspaper, has said in that manner, “The global semiconductor industry would not be facing such uncertainties if the United States had not pushed for decoupling from China to curb China’s rise in the semiconductor industry.”

However, let us tell you this report is based on Samsung’s initial sales and profit figures because the final earnings report is still hasn’t unveiled. It is possible that the Korean company will announce its final earnings, including the business segments’ results, in April. Afterwards, we sure will get some additional info regarding it. 


Aastha is a Author of Samlover.com. With a degree in Engineering with IT, Aastha is deeply immersed in the realm of technology. Specializing in Android and Hardware. She is Passionate about technology at the service of digital entertainment that can be used through any platform. Music, movies and video games have always taken up a good part of his free time, but he doesn't give up outdoor activities, from simple walks to cycling and skiing. He has been producing editorial content for SamLover since 2022 and has run a computer and telephony store for 3 decades.

News

New Galaxy Phone In Existence: Samsung Galaxy M35 5G Spots On Geekbench 

Published

on

By


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. 


Continue Reading

Firmware

Verizon rolls out the March 2024 security patch update for the Galaxy Z Fold 3 and Galaxy Z Flip 3 devices 

Published

on


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.


Continue Reading

Firmware

Samsung rolls out the March 2024 security patch update for the Galaxy S23 FE devices in the US

Published

on

By


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.


Continue Reading