Business
Samsung’s Q2 profit raised by 38%, thanks to strong chip demand

Samsung has been doing quite well over the past year despite the COVID-19 pandemic. Today, the company remained to see a 38% increase in profits for the April-June quarter due to strong prices and demand driven by a pandemic-led consumer electronics and investment returns on data centers.
The profitability of the world’s largest chipmaker and smartphone maker is likely to exceed 11.3 trillion won ($10 billion). The strong performance of the South Korean technology company comes despite shipping fewer smartphones than it did in January-March and the demand for finished chip storage technology with full production capacity.
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Talking about the prices of DRAM chips, which are widely used on servers, mobile phones, and other computer devices, jumped 27% compared to the March quarter, while those of NAND flash chips operating in the data storage market increased by 8.6%, according to research provider Trendforce.
Profits have also improved in Samsung’s chip-contract and logic chip design business, in part because the operations of its storm-hit Texas industry have returned to normal, analysts say. They estimate that the chip division’s operating profit in April-June increased by about 22% from last year to about 6.6 trillion winners.
However, Samsung smartphone shipments dropped by 59 million in April-June from 76 million in the first quarter, as sales declined with its latest model, launched in mid-January.
The declining demand from India, which has been hit hard by the epidemic quarterly, and the tight supply of other chip processor processors are also likely to affect shipping, analysts say, estimating the mobile phone business’s operating profit of about 2.9 trillion winners.
Business
Underdog phone brand jumped 50%, Samsung and Apple lost ground

In Q3 2023, Samsung and Apple’s market share slightly declined, while an underdog Chinese phone brand appeared on the top 5 chart. In a recent development, Canalys published market research data for the third quarter, revealing Tanssion as the fifth best-seller globally.
According to the info, Samsung and Apple lead total sales with 20% and 17% market share, yet both have fallen from their 22% and 18% levels in 2022. However, Tanssion, the maker of Tecno, Itel, and Infinix phones, climbed from 6% global market share last year to 9% in 2023, a 50% jump.
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Apart from this, Xiaomi matched last year’s share only by “recovering” from a terrible first half of 2023. At the same time, OPPO has fallen steadily over the past two years, while fellow BBK brand vivo lost the top-5 slot it’s owned for years.
Overall, the global smartphone market underwent a slight drop of 1% in Q3 2023. Bolstered by regional recoveries and new product upgrade demand, the smartphone market recorded a double-digit sequential growth in Q3, ahead of the sales seasons.
Business
Samsung enjoyed 2023’s last victory over Apple?

Recently, research agency Counterpoint Research published their latest analysis. The report reveals that Samsung continued its leadership in the third quarter of 2023, while Apple remained in the second spot. However, both OEMs faced a decline of 1 percent year over year.
According to CR, slower consumer demand is the main factor in the dwindling sales. The market did see a slight 2 percent growth in Q3 compared to Q2, likely driven by last month’s iPhone 15 series launch. Samsung secured 20 percent market share, while Apple grabbed 16 percent sales.
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The Galaxy A-series was the key driver for the South Korean smartphone maker. Apple came in second with 16 percent of the market while Xiaomi rounded out the top three with its 12 percent share. Oppo (10 percent) and vivo (8 percent) were the remaining brands in the top five charts.
The newly released iPhone 15 series will help Apple score a lead over Samsung in the fourth quarter of the year. The results will arrive by early next year, and it’s expected that the US phone maker could surpass Samsung. Major camera upgrades and USB-C helped Apple register strong sales.
Business
Samsung Teams Up with Tech Titans for Arm’s IPO Amid Valuation Shuffle

A new report reveals that Samsung will participate as an anchor investor for Arm’s upcoming IPO after taking a conservative approach to the matter due to a perceived overvaluation and regulatory risk.
Samsung opted to make an investment in the chip designer, joining a slew of other industry players including Apple, Nvidia and Intel. Amazon, which was earlier rumored to be participating in the IPO, decided to step out.
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It’s worth mentioning that the strategic investors have agreed to invest between $25 million and $100 million each. The specific amount for each company hasn’t been disclosed yet.
This means the offering price will come in between $47 and $51 per share. It makes Arm’s valuation between $50 billion and $55 billion, down from the initial estimation of $64 billion.
Arm’s IPO on Nasdaq, which is expected in September, is considered to be the biggest IPO deal of the year. The company controls a majority of the world’s application processor market, designing and licensing basic blueprints for chips.