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Samsung Needs Chip Demand To Recover Q3 Profit Falls: Lee Jae-Yong

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Samsung Electronics recently said its third-quarter operating profit declined by about 31.39%. This decline was seen after the global economic downturn that has been affecting the company’s consumer electronics demands for nearly three years. The major effect was seen in the earnings of the memory chips division.

As per the company’s statement, “demand for consumer products remained weak.” The operating profit for July to September 2022 fell to 10 trillion KRW (approx. USD 7 Billions). Its last year’s value was 15.8 KRW (approx. USD 11 Billion) for the same period, as the company stated.

The company also said that it had seen an increase in sales by 3.79%. As of the second quarter of this year, the South Korean Giant, with other tech companies, benefited greatly from the strong demand for electronic devices.

The company has a strong hold on chip manufacturing too, so they are expecting higher chip demand to get rid of the loss of the 3rd quarter of the year. It has seen a major effect of geopolitics on the memory chip demand, as they became an issue of global geopolitical significance recently.

As we all know, the global economy is facing many challenges such as soaring inflation, rising interest rate, growing debt crisis, and more, so the company also stated that “In 2023, demand is expected to recover to some extent, but macroeconomic uncertainties are likely to persist”.


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 Prioritizes Faster Charging in 2024 Smartphones

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The first quarter of 2024 is already over; during this interval, Samsung has introduced several Galaxy smartphones of particular belonging, such as the flagship Galaxy S24 series, the Galaxy A55 and Galaxy A35, the mid-range ones, the Galaxy A15 and Galaxy F15, the budgetable ones, and many more. But the fact is, after being the latest smartphones, they have a lack of ‘charging speed.’ 

Undoubtedly, Samsung is leading the tech industry with its top-notch features, design, and larger batteries, as compared to other Android manufacturers, but despite all this, it has a massive lack of charging speed. Samsung usually attaches larger batteries to its Galaxy smartphones to enhance the users’ non-stop-using experience. But a larger battery isn’t worth it unless it has a good charging speed. 

On the other hand, Chinese manufacturers are equipping their smartphones with charging speeds north of 100W, whereas 45W is the maximum speed you can get on Galaxy smartphones. However, even 45W charging is quite rare among Galaxy phones. Samsung has launched most of the Galaxy devices in the last couple of years, including the flagship with support for 25W. 

Here we are making things easy for you if you are looking to buy a Galaxy smartphone that debuted in 2024 with the support of 45W charging speed by mentioning a list of devices: 


The list is quite short, even considering that the Galaxy F55, M55, and C55 are just rebranded variants of the same smartphone for different regions. Now Samsung is setting up to launch its next-generation foldable devices, the Galaxy Z Fold 6 and Galaxy Z Flip 6, in July, but it is yet to be confirmed whether these devices will get a boost in charging speeds from 25W or not. 

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

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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. 


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

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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.


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