News
Samsung Electronics Q1 operating profit dropped by 95.5%
Samsung has recently revealed the financial results of the first quarter of this year, 2023. However, the company hasn’t performed well in this quarter and has seen a nearly 95% decline in operating profit. Informatively, the company has gained Quarterly revenue of KRW 63.75 trillion and an operating profit of KRW 0.64 trillion in 1Q23. It seems that this decline is because of weak demand in the Memory Business maybe.
Let us tell you, this is the lowest operating profit of Samsung since the quarter 1st of the year 2009. Not only that, but the difference in KRW from USD, Euro, and other currencies has also made a negative impact ( 0.7 trillion KRW) on the company’s wide-operating profit. In the first quarter, Samsung’s total capital expenditure was 10.7 trillion KRW, of which 9.8 trillion KRW was for Semiconductors and 0.3 trillion KRW for Displays.
However, the good thing is the company is expecting semiconductor demands to grow in the 2nd half of the year 2023. Notably, Samsung’s DS Division DS Division posted KRW 13.73 trillion in consolidated revenue and KRW 4.58 trillion in operating losses. If major hyper scalers invest more conservatively in servers, and the customers continue their demands, a limited demand recovery is possible in the memory Business.
As customer inventory levels have declined since the second half of last year (due to inventory adjustments), the demand is expected to recover in the second half of this year. The company will also put some effort into improving the self-build demand by launching new smartphones and PC promotions. On top of that, due to the expansion of new CPU adoption, the portion of DDR5 for servers is also expected to increase.
Besides, Samsung’s MX and Networks businesses posted KRW 3.94 trillion in operating profit and KRW 31.82 trillion in consolidated revenue. The overall smartphone market fell in terms of demand, but still, the premium market has grown from the previous year. Hence, the MX Business recorded higher sales in this quarter as compared to the previous quarter, which also led to a double-digit improvement in profitability.
Samsung Quick Share: An Ultimate file sharing app for Galaxy devices
Let us tell you, the latest Galaxy S23 series, specifically the top-notch Ultra model, played a huge role in the positive first-quarter performance. The Networks Business has seen a revenue decline which is expected to recover in the second half of this year. The recovery will particularly be seen in the low-to-mid segment, which can also help to increase the quarterly market volume.
By looking at the Galaxy S23 series’ strong sales, the MX Business will focus on it while increasing marketing for its foldable phones. It will also focus on the Galaxy A34 and A54 devices due to their mass-marketing demand. Just like the 1st quarter, the premium segment will grow in the second half as well. Besides all of these, Samsung’s other businesses, including Displays, Smart TVs, and Cameras, will also affect operating profit.
It will be interesting to see how the company works to overcome this profit decline. One thing is clear, Samsung is not going to sit aside; instead, it will work its hard to recover the loss.
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.