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Report: Samsung’s market share improved in South Korea by 3% in Q2 2020
Samsung is one of the leading brands in the smartphone market. The South Korean firm maintained its position in Q2 2020 after a sharp fall in sales. Today a new report explained that the company tried to grow its market share. Samsung launched the Galaxy S20 series and Galaxy A series in South Korea in the second quarter this year.
According to the report of Counterpoint Research, the South Korean firm’s market share grew 3% higher in Q2 2020 from Q1 2020s 67%. Its main reason is that the sales of the Galaxy A series smartphone and Galaxy S20 series. South Korea’s smartphone market gained 9% compared to Q1 2020. This improvement is still lowered by 8% in comparison to Q2 2020.
READ MORE: Here’s the list of eligible Samsung devices that will get the One UI 3.0/Android 11
Apple stood second in the South Korean smartphone market with a share of 19% during the same period. Compared to Q1 2020, the iPhone maker’s market share improved by 1 percentage point in Q2 2020. LG remained in the third spot with a market share of 13%, down 3 percentage points from Q1 2020.
LG’s market share sacked a 3% point from the first quarter this year and stood to the third position with a market share of 19% in Q2 2o2o in South Korea.
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iPhone SE, Galaxy S20, and Galaxy S20+ were the top three best-selling smartphones in South Korea in the Q2 2020. Samsung Galaxy A series was the half of the top 10 best selling smartphones in the same period in South Korea. Smartphone with pricing below $400 sold by 45% which shows that the South Korean consumers bought affordable phones during the Covid-19 pandemic.
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Multimodal Gemini Nano arrives on flagship MediaTek Dimensity chips
MediaTek Dimensity 9400 will be equipped with Multimodal Gemini Nano capabilities. MediaTek today confirmed its collaboration with Google. Future flagship chipsets, starting with the Dimensity 9400 will feature Gemini Nano with multimodality.
According to MediaTek, Dimensity SoCs are now optimized to support Gemini Nano with new multimodal capabilities. The upcoming chip will debut Gemini Nano integration, with existing models that could also add support in the future.
MediaTek revealed that the Dimensity 9400 features a new 8th-gen NPU with hardware acceleration for text, image, and speech. The Taiwanese chip designer is expanding its footsteps eyeing significant growth amid the AI boom.
Samsung’s recently launched Galaxy Tab S10 series supports GenAI capabilities. It means the Dimensity 9300+ processor could also gain multimodal Gemini Nano integration. We are hearing that the S25 could also use Dimensity 9400.
MediaTek’s partnership with Google highlights a shared vision for bringing Generative AI experiences across the Android ecosystem, and is a big step forward in the advancement of complex AI models running on-device.
Multimodal Gemini Nano will ensure users can take images and receive detailed descriptions of what’s been captured. MediaTek previously announced support for Google’s LLM, optimized for on-device AI processing.
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Samsung announces end of software updates for Galaxy Z Fold 2 5G
Samsung recently updated its software support plan for October 2024, and it has noted that the Galaxy Z Fold 2 5G will no longer receive any updates. This popular foldable smartphone has been removed from the list of eligible devices for One UI updates and security patches because it has completed its update cycle.
The Galaxy Z Fold 2 was launched in 2020, initially coming with Android 10. It has since received updates, including the Android 13 update with One UI 5.1.1. After that, it is not eligible for any more major Android OS updates. Now, Samsung has also ended its software support, which means it will not receive any new security updates.
Even though the Galaxy Z Fold 2 5G will not receive further updates from Samsung, it is still a secure and functional device for everyday use. The phone operates on Android 13, which supports all major apps, including those for banking, so users can continue to perform their daily tasks without issues.
Additionally, Google Play continues to provide system updates to ensure that the phone’s key features remain up to date.
For those considering an upgrade, Samsung offers new foldable smartphones, including the Galaxy Z Fold 6, Galaxy Z Flip 6, Galaxy Z Fold 5, and Galaxy Z Flip 5. These newer models come with improved features and will receive software updates for a longer period.
However, if your Galaxy Z Fold 2 is still working well for you, there’s no need to replace it. The device can still serve your needs effectively, even without the latest updates.
October 2024 | Samsung Galaxy Devices getting Monthly and Quarterly Updates
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Samsung vows faster innovation, issues surprise apology
Samsung issued a rare apology shortly after announcing the 3Q24 earnings estimation. The frank apology comes from the newly appointed Head of DS Division and VC at Samsung Electronics, Yong-Hyun Jeon.
Through a press release, Samsung’s leadership extended its deepest apology to customers, investors, and employees. The announcement highlights several potential decisions as part of reclaiming the edge in the mobile industry.
Samsung VC’s statement:
“We have fallen short of market expectations, causing concern not only about our fundamental technological competitiveness but also about the future of our company.”
“Many people have expressed concerns about Samsung’s current crisis, and we take full responsibility for it as the leaders driving our business.”
Samsung’s operating profit declined by 12.84% compared to the previous quarter. The company managed to increase its sales in Q3, but it fell short of expectations. The company eventually failed to secure significant growth despite the AI boom.
Samsung reiterates its commitment to turn crises into opportunities through challenges, innovation, and perseverance. The company’s leadership team will take the lead in overcoming this crisis, the Newsroom post states.
Potential decisions eyeing long term growth:
- Samsung will restore our fundamental technological competitiveness.
- Samsung will ensure fundamental competitiveness.
- The development of new technologies that do not yet exist in the world and achieving unparalleled quality are the only ways for Samsung to rise again.
Preparation before deployment:
- Samsung will pave the way forward, reigniting the passion it’s known for.
- Samsung won’t adopt a mindset of merely defending anymore, but it will realm itself with a spirit of challenge, racing toward even higher goals.
Organizational reshuffle:
- Samsung said to closely re-examine the organizational culture and working methods as well as immediately correct anything that needs fixing.
- When the company identifies issues in the field, it will openly discuss and fiercely debate them to drive improvements.