Samsung Electronics has disclosed the financial results of its Q1 2024; fortunately, the results are mesmerizing, as the mobile division was upbeat by Galaxy S24 sales.
The Korean brand debuted the Galaxy S24 flagship series in January earlier this year, bringing a slew of Galaxy AI novelties to the phones and older flagship devices. It is reported by Samsung’s mobile and network division that they have won 3.51 trillion of operating profit in Q1 2024, around ~$ 2.54 billion.
It was already reported, again, that the same fact has come into existence: Galaxy AI, a power package of generative AI features, is the key reason behind the sales growth. The brand states that it has decided to bring these AI features to other flagship phones in Q2 2024, but also promises that “it will continue to invest in research and development to further expand and refine Galaxy AI.”
The brand is already all set to debut a bundle of new Galaxy devices at Galaxy Unpacked Event 2024 in July, including the Galaxy Z Fold 6, Galaxy Z Flip 6, the Galaxy Tab S10 series, the Galaxy Watch 7 line, and the Galaxy Ring. Samsung is not the only firm actively working on generative AI features, as AI has become increasingly important in the smartphone industry. Other smartphone manufacturers, such as Google, Xiaomi, OnePlus, OPPO, and more, are also actively looking forward to generative AI facilities.
It appears that the increase in investment also comes after a report that the
Galaxy S25 series would run Google’s Gemini Nano 2 machine learning model. Presently, the current version of Gemini Nano authorizes on-device AI features like recorder summaries and Smart Reply in Gborad.
