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Strong sales of smartphones and TVs boomed Samsung’s profits in first quarter of 2021
Recently, Samsung officially released its first-quarter 2021 results, which reveals a hike in operating profit and revenue. Despite the Covid-19 pandemic, the company’s sales expanded because of robust demand for smartphones, smart TVs, and home appliances.
Talking about figures, Samsung’s revenue was KRW 65.4 trillion (around $59 billion), and operating profit of KRW 9.38 trillion (around $8.46 billion) in the quarter. Besides, the company gained 18.2% higher revenue and 45.5% higher operating profit compared to Q1 2020.
On the other hand, the South Korean tech giant achieved 6% higher revenue and 4% higher operating profit than the previous quarter (Q4 2020). At the same time, the company expects that the chip shortage could make a huge negative impact on its business.
Samsung First Quarter 2021 Results
- Mobile Communications Business
Samsung revealed that the Mobile Communications Business rose significantly as sales of flagship and mass-market smartphones increased and contributions of products in the Device Ecosystem such as tablets, PCs, and wearables grew. Aside from this, the Mobile Communications Business is set to see revenue and profit decrease as flagship smartphone sales fall and some components experience supply issues.
- Consumer Electronics Division
According to the company, its Consumer Electronics Division reported higher profit both quarter-on-quarter and year-on-year as demand remained strong for digital appliances and premium TVs.
- Digital Appliances Business
The demand for Digital Appliances Business remained strong in the first quarter despite traditionally weak seasonality. The earnings grew because of strong sales of premium products such as customizable Bespoke refrigerators
- Semiconductor/Display Panel Business
Samsung’s Semiconductor Business declined quarter-on-quarter because of solid memory shipments, mainly due to the production disruption at the Austin fab. In addition, profit from the Display Panel Business fell quarter-on-quarter because of the weak seasonality of mobile products.
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Here’s why Google Messages replaced Samsung Messages on Galaxy devices
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Samsung’s latest foldable phones come with Google Messages by default. The company has now revealed the reason behind this move on Galaxy devices. Samsung says Google Messages replaced Messages to foster RCS adoption.
According to AndroidAuthority, a source explained Samsung’s decision to switch to Google Messages as the default messaging app. The recently released Galaxy Z Flip 6 and Z Fold 6 come with Google Messages with RCS enabled by default.
Looks like promoting Google Messages on Galaxy devices will boost RCS adoption. Samsung Messages isn’t already installed on newer phones. However, one’s stopping you from getting it on your Galaxy from the Galaxy Store.
While many apps support the RCS feature, Google Messages offer the best user experience. Making it a default messaging app is an effort to boost the adoption of RCS tech. Apple is also preparing to bring RCS chat functionality to iMessage for iPhones.
What Samsung source said:
- Even if messaging apps follow the RCS standard, the availability may be limited depending on which app the other party uses. That’s why we decided to make Google Messages the common messaging platform, allowing Galaxy users to communicate more freely. This also enables a messaging app to respond to changes of the RCS standard more quickly and efficiently.
Previously, Samsung devices launched in the US came with two messaging apps. This time, the company has removed the Samsung Messages. During the first setup, users are notified that Google Messages is the default messaging application.
News
Samsung SmartThings gets ISO 27001 certified
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Samsung SmartThings gained the international standard ISO/IEC 27001:2022 certification. The company has officially announced this major development in its global connected living platform.
SmartThings received ISO/IEC 27001:2022 certification for information security management systems. Certification reiterates that the SmartThings Cloud operates per international standards.
To be certified, a company has to meet the standard across a total of 123 detailed items, including policies for information security, access control for information assets, and incident response.
SmartThings receiving the ISO 27001 certification is the result of our sustained focus on the protection of information in a hyper-connected world with exponentially increasing intelligence.
Seungbum Choi, Executive Vice President and Head of Device Platform Center at Samsung Electronics said “this is just another step in our drive to fortify the platform’s security. We will continue to find new ways to ensure that SmartThings’ personalized services are provided even more safely.”
BSI Prez says that they have recognized that the operation capability and security level of Samsung SmartThings is excellent. It will further boost trust in the SmartThings platform and strengthen business competitiveness.
ISO 27001 is the leading global standard for ISMSs and was established by the International Organization for Standardization. It provides companies with guidance to manage the risks to information assets systematically and achieve information protection goals.
News
Dr.diary fuels Samsung Health with glycated hemoglobin algorithm
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Samsung Health app integrated the Dr.diary (Doctor Diary) glycated hemoglobin feature. The blood sugar management platform announced the launch of its glycated hemoglobin estimation functionality on Samsung’s Health application.
According to ETNews, Dr.diary announced the integration of a glycated hemoglobin level feature in Samsung Health. Galaxy users will now be able to check the estimated glycated hemoglobin level provided by Doctor Diary.
To activate the feature, Health app users will have to permit certain conditions of data in the Blood Sugar service. It is worth noting that glycated hemoglobin is a key figure for diabetes diagnosis, which users will find worth using in the Health app.
Established in 2017, Dr.diary is a blood sugar management platform. It analyzes and predicts the changes in glycated hemoglobin using its own algorithm. Earlier this year, the firm secured a patent for “glycated hemoglobin estimation based on blood sugar data table.”
Song Je-yoon, CEO of Doctor Diary, said, “With our predicted glycated hemoglobin level prediction algorithm being installed in Samsung Health, more people will be able to recognize their glycated hemoglobin level and manage their health more efficiently.”
Glycated hemoglobin (HbA1c) is a standardized numerical value of the percentage of hemoglobin, such as hemoglobin, which has been glycated by glucose. Glycated hemoglobin reflects the average blood sugar level over the past 2-3 months.
Samsung Health (with Wear OS Galaxy Watch) users can conveniently check their estimated glycated hemoglobin level within the app and use this information to manage their blood sugar levels through diet and exercise.