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Samsung Profits down 95% as Chip demand falls

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As a result of reduced demands for semiconductor-dependent products, Samsung Electronics announced a 95% drop in quarterly earnings on Thursday. This was owing to the chip industry’s slowdown, which lasted despite output reduction. This highlights the unheard semiconductor slump that caused the South Korean company to suffer a record operational loss from its main chip sector of 8.9 trillion won in the first half of this year. The second half of the year is predicted to see a slow recovery in global demand, which could boost component business profitability. 

Despite a massive 95% drop in operational profit due to falling pricing in Samsung’s core semiconductor industry, the amount nonetheless topped estimates of 640 billion Korean won. The FactSet report states that the firm reported revenues of 60.01 trillion Korean won for the three months which ended on June 30, a 22% decrease year over year and about in line with consensus projections of 60.6 trillion Korean won. 

Analysts claim that Samsung is lagging behind SK Hynix, the market leader in high-end DRAM chips like high bandwidth memory (HBM) and premium DDR5 products required to feed data into AI processors. After covid lockdown, Samsung has struggled with memory chip demand because the stocks have been stored to meet up the increased consumer sales, which now turned up as surplus chip stocks. This came out as the production decrease announcement from Samsung in April. 

The second half of the year is likely to see more production cuts across the board, but demand is anticipated to increase gradually, as Samsung stated. The firm revealed in its earnings report that the Mobile Experience (MX) and Network businesses reported combined sales of KRW 25.55 trillion and operating profit of KRW 3.04 trillion for the second quarter. 

According to CEO Kyung Kye-hyun, the firm plans to bring up more manufacturing units in Pyeongtaek, South Korea, and begin the export of advanced 4-nanometer chips from the Texas plant in 2024. Also stated that the firm’s capital expenditures for the second quarter were 14.5 trillion won, out of which 13.5 trillion won was spent on semiconductors.

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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.

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Samsung Galaxy Z Fold 6 Could Bring A New Camera Design

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The Korean firm ‘Samsung’ is about to launch its next-generation foldable smartphone – Galaxy Z Fold 6, which is expected to bring an updated camera design to enhance the look. 

We are not completely two months away from the Galaxy Unpacked event that is reportedly held on July 10 in Paris. Even before any official revelation regarding the specs, design, and features of Galaxy Z Fold 6,  tipsters already heated the market with leaks and rumors. Now the new report says that the Galaxy Z Fold 6 could bring a new camera design. 

A tipster on X shared an image that showcases the rear cameras of the Galaxy Z Fold 6, which is immediately apparent that this is different from any rear camera housing we have ever seen on the Galaxy Z Fold family before. This hints that this time Samsung could introduce a fresh design for the foldable’s rear camera this year. 

The image has a Samsung Galaxy AI watermark which points out that it might be made changes, however, it’s best to wait for more confirmation before trusting this particular design detail since the brand has yet to reveal any official details. 

Recently, the list of Galaxy devices, including, Galaxy Z Fold 6, Galaxy Z Flip 6, Galaxy Watch 7, Galaxy Watch 7 Ultra, and Galaxy Ring has already been leaked which arrived at the next Galaxy Unpacked event which is supposed to be held in July 2024.

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US Galaxy Z Fold 6 Leaks on Geekbench, Hints at Snapdragon 8 Gen 3

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Samsung appears close to introducing its sixth-generation foldable phones, the Galaxy Z Flip 6 and Galaxy Z Fold 6, in July at the Galaxy Unpacked Event. Now the Galaxy Z Fold 6 is spotted on the Geekbench database. Let’s take a closer look at the detailed information. 

Although the Galaxy Z Flip 6 is already spotted on the Geekbench database, Now, luckily, in development, its sibling’s forthcoming Samsung Galaxy Z Fold 6 smartphone appeared on the Geekbench 6.3.0 benchmark database with the model number SM-F956U. 

The last letter ‘U’ in the model number points to the fact that this mode refers to a variant for the US market. It scored 1,964 points in the single-core round of the test and 6,619 points in the multi-core round. The listing reveals the existence of an octa-core processor with the codename pineapple, a 1+3+2+2 core configuration, and an Adreno 750 GPU. Apart from these, one chief core is clocked at 3.40 GHz, and the remaining three performance cores are at 3.15 GHz. 

This points out that Samsung could power the forthcoming Galaxy foldable with a Qualcomm Snapdragon 8 Gen 3processor. The Geekbench database suggests that the Galaxy Z Fold 6 will arrive with 12GB of RAM and Android 14. However, the Galaxy Z Fold 6 already appeared on the 3C certification website, which suggested support for 25W fast charging, and now it is expected that this device will also visit other certification websites soon. 

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Unlocked Galaxy Z Fold 5 and Galaxy Z Flip 5 getting May 2024 Security update in the US

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Galaxy Z Fold 5 and Galaxy Z Flip 5 devices are counted as the top smartphones that grabbed the One UI 6.1 update in the first phase. Then,  the company introduced more software updates in the form of the April 2024 security patch and is continuing it now that these devices are getting the latest May 2024 security patch as well.

The unlocked Galaxy Z Fold 5 and Galaxy Z Flip 5 are getting a May 2024 security patch

The unlocked variants of the Galaxy Z Fold 5 and Galaxy Z Flip 5 are getting a May 2024 security patch update with the firmware version numbers F946U1UES3CXE3 and F731U1UES3CXE3, respectively. The latest software update for both of the devices comes under 500 MB. With the latest update, the company has only focused on providing some security enhancements.

For your information, the May 2024 security patch has brought some new changes under the system software, where it has grabbed more than 50 fixes. Google has introduced 31 patches to enhance the overall performance of the devices, while Samsung has also added 25 fixes that will improve the functionalities regarding the Galaxy devices.

Moreover, the latest update for the Galaxy Z Fold 5 and Galaxy Z Flip 5 may also bring some new features that may enhance the overall performance and stability of the devices. So if you are having any issues while using the devices related to One UI 6.1, then the update may help you get rid of the issues.

If you are using the Galaxy Z Fold 5 or Galaxy Z Flip 5 in the US, then you should start getting a new update notification, and by tapping on that, you can easily update your device. Alternatively, you can do it manually as well by going to the software update menu in the system settings.

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