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Samsung Q3 2020 Business Results: Generated KRW 66.96 trillion revenue and KRW 12.35 trillion in operating profit

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Today, Samsung announced its financial results for the third quarter of this year. In this period the company reported total revenue of KRW 66.96 trillion (around $59.1 billion) and KRW 12.35 trillion operating profit for the third quarter of 2020. Samsung has got this higher revenue because of higher consumer demand and its flexible global supply chain management.

Samsung’s quarterly operating profit surged 52 percent from the previous quarter. Third-quarter operating profit was also 59 percent higher year-on-year on stronger sales of memory chips and consumer products.

Due to the Covid-19 pandemic, the market was fallen in Q1 and Q2 this year but when the market got relaxation in lockdown, the market has shown a boost in the demand for electronics that’s why Samsung’s smartphone sales increased by nearly 50%.

READ MORE: Is your Samsung Galaxy device getting Android 11-based One UI 3.0? Check here

Samsung’s smartphone sales rose sharply from the previous quarter, with the launch of new flagship models such as the Galaxy Note 20 series and Galaxy Z Fold 2 and higher sales in India. Sales increase in tablets and wearables including the Galaxy Tab S7, Galaxy Watch 3, and Buds Live also contributed to the profit growth in the third quarter.

Well, the demand for smartphones increased in the third quarter but Samsung expects a sales decline of smartphones and marketing costs to increase due to the competitive market environment.

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In 2021, Samsung plans to expand its smartphone sales by strengthening the lineup for foldable phones and mass-market 5G models. The System LSI Business will focus on differentiated 5G SoCs and high-resolution sensors.

For the Networks Business, the Company strengthened its foundation for 5G business by signing a large-scale supply contract with Verizon in the U.S. The Company will continue to expand its 5G coverage in South Korea and push to expand the business globally including North America and Japan.

The System LSI Business also saw profit rising over demand for mobile phone components. The Foundry Business benefitted from increased orders for high-performance computing (HPC) chips and other applications.

Everything about One UI 3.0

Samsung Electronics also saw a sharp growth in sales of premium TVs and appliances, supported by flexible management of supply chain and sales channels.

The Display Panel Business reported higher profit quarter-on-quarter led by growing mobile display sales on customers’ new product launches and improved supply-demand environment for large panels.

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Meet Yash, author and dynamic creator of the compelling tech narratives at Sammy Fans. He has evolved from a Samsung firmware aficionado to a multi-faceted tech storyteller. Yash's expertise shines brightest with his explorations into Samsung's One UI. Beyond the screen, his love for landscapes and rivers adds a unique flavor to his work.

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Southeast Asia’s youth are power users of AI, Samsung survey finds

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A Samsung survey found Southeast Asia region’s youth are embracing AI like never before. Nearly 90% of young people in Indonesia, Malaysia, the Philippines, Singapore, and Thailand use AI daily, shaping their lives and futures with this technology

9/10 use AI tools daily for learning (78%), creativity (56%), and staying informed (38%). This reliance on AI reflects its role in helping them thrive in various aspects of life. The survey highlights how youth see AI as a tool for career growth and social good.

The survey included 884 youths aged 13 to 24 from Indonesia, Malaysia, the Philippines, Singapore, and Thailand. Mobile devices are their main gateway, with 60% accessing AI tools through smartphones.

Samsung is leading the charge with Galaxy AI

Thanks to Galaxy AI, Samsung phones come with personalized AI experiences while prioritizing user privacy. Features like Google’s Circle to Search and Math Solver in Samsung Notes enhance learning and productivity.

When asked about what influences their use and perspectives of AI, social media (77%) was ranked as the top encouraging force by SEA youths, followed by technology companies and services (73%), then friends and siblings (57%).

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CU Kim, President and CEO of Samsung Southeast Asia and Oceania, emphasized the company’s commitment to empowering youth. “We want to help the next generation reach their full potential through innovative technology,” he said.

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Samsung brings One UI 7 to Galaxy S24, Flip6, Fold 6, S24 FE and Tab S10 in Latin America

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Samsung is rolling out its One UI 7 update across Latin America, bringing new Galaxy AI features to select devices. Starting April 24, 2025, users of certain Galaxy smartphones and tablets can access these tools.

The update targets Galaxy S24, Z Fold6, Z Flip6, S24 FE smartphones, and Tab S10 tablets. The One UI 7 rollout will happen gradually, with availability depending on your device model and carrier in Latin America.

Antonio Quintas, Senior VP of Mobile Experience at Samsung Latin America, shared, “This expansion shows our commitment to making innovation accessible. Galaxy AI tools simplify daily tasks, from communication to multimedia editing, for more users.”

One UI 7 update brings several Galaxy AI features designed to make your device smarter and more intuitive. To get these features, update your Galaxy device’s software. Simply go to Settings, then select Software Update.

What’s new in One UI 7

The Now Bar offers quick suggestions, like meeting reminders, on your lock screen. The AI Select feature allows you to pick visual elements on your screen, like an object in a photo, and search for details instantly.

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The system Settings now support natural language searches, such as “increase brightness,” for easier navigation. Besides, the AI-powered Audio Eraser removes background noise, like traffic or chatter, from videos.

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Galaxy Watch users, get ready: Gemini is officially coming to Wear OS

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Samsung users, get ready for Gemini AI on your Wear OS-powered Galaxy Watch. Google CEO Sundar Pichai confirmed that Gemini will be expanding to a range of devices, including tablets, cars, headphones, and watches.

Google has upgraded Android phones with its AI-powered Gemini Assistant. It has replaced the famous Google Assistant on compatible Android devices. Now, Google is looking for segmental expansion for its Gemini chatbot.

Currently, Google Assistant is still available on smartwatches, Android Auto, smart displays, and more. As the official confirmation is here, we can expect Gemini replacing Google Assistant on devices sequentially by the end of the year.

Google CEO Sundar Pichai used the firm’s Q1 2025 earnings call to announce Gemini’s expansion:

“We’re upgrading Google Assistant on mobile devices to Gemini, and later this year we’ll upgrade tablets, cars and devices that connect to your phone, such as headphones and watches” – Google CEO Sundar Pichai.

Gemini for Wear OS just got official confirmation, but clues first appeared on the web earlier this year. Back in January, Android Authority found that Gemini is under development for smartwatches running Wear OS.

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The revelation also shed light on a handful of aspects, such as how Gemini would work on smartwatches. Google is expected to tease or drop hints at the functionality on Wear OS at the I/O 2025 event scheduled in May 2025.

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Samsung’s delayed One UI 7 update hampered Android 15 uptake?

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One UI 7 marks Samsung’s best upgrade and the worst rollout. The official release has just begun for select models, with completion expected by July. The One UI 7 update delay may have also hampered Android 15 numbers.

Google released the Android distribution share earlier this month. The revised data now mentions Android 15, while Android 14 is the most widely used version. There’s a lack of specific month data, yet let’s figure out the difference.

Android distribution data, reported through Android Studio, shows Android 15 on just 4.5% of devices as of early April 2025. Meanwhile, Android 14 powers 27.4% of devices, making it the most widely used version.

Android Distribution as of April 2025

Android Distribution as of April 2025 | Via – 9to5Google, Source – Android Studio

Back in May 2024, Android 13 led with 20.9% of devices, while Android 14, the latest at the time, was on 13%. This shows Android 14’s growth over the past year, but Android 15’s slow start stands out, probably due to delayed One UI 7.

Samsung’s Android 15-based One UI 7 update rollout faced significant delays. Google released Android 15 last October, but Samsung’s Beta only began in December. The Stable rollout didn’t start until mid-April 2025 for the latest flagships.

With over 50 Galaxy models set to get One UI 7, the staggered schedule may have kept Android 15’s numbers low. By July 2025, Samsung expects to complete the One UI 7 rollout. As more devices update, Android 15’s share would grow.

Have you updated to One UI 7? Share your experience and feedback with me!

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Samsung schedules July Unpacked in NYC to launch Galaxy Z Fold 7, Flip 7

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Samsung is reportedly considering holding an Unpacked event in early July to introduce the Galaxy Z Flip 7 and Z Fold 7, with the venue under consideration being NYC (New York), USA.

According to Korean media, Samsung may launch the Galaxy Z Fold 7 and Z Flip 7 at early July Unpacked in NYC, US. The company appears to be returning to New York for the Unpacked event amid rising risk from President Trump’s reciprocal tariffs.

Recently, it was revealed that Samsung America has donated $350K to the Trump inauguration committee. The company has donated over triple the amount it contributed for the same purpose in the first term of President Trump.

If Unpacked happens in New York, it will mark the first time in three years, since 2022. At present, the company is preparing to finalize the NYC as the Unpacked venue, where it will introduce several products, including foldable phones.

An industry insider familiar with Samsung’s plans said, “In recent years, second-half Unpacked events have been held in cultural hubs like Seoul in 2023 and Paris last year. This time, it’s set to return to New York, the quintessential cultural city, after three years.”

The upcoming Galaxy Z Flip 7 and Fold 7 will be powered by the Snapdragon 8 Elite. In terms of design, the devices would be sleeker and lighter. The next Flip phone will have a Moto Razr-like cover screen, the biggest ever in Samsung’s history.

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In a major shift, Samsung would introduce Android 16-based One UI 8 with the Z7 series. The company is aligning the new One UI debut with Google’s timeline, giving its foldables another edge over bar-type phones for a sales jump.

In addition, the Galaxy Z7 series models are highly likely to uplevel Galaxy AI capabilities, optimizing them for both vertically and horizontally folding smartphones, creating synergy between hardware and software.

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