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Samsung shares earnings guidance for second quarter 2022
July has begun and Samsung just shared its earnings guidance for the second quarter of 2022, estimating consolidated sales of approx 77 trillion Korean won ($58.8 billion) and consolidated operating profit of about 14.0 trillion Korean won ($10.7 billion).
The South Korean tech giant disclosed that its earnings guidance is based on K-IFRS. Since the Korean agency doesn’t allow vendors to disclose earnings estimations as a range, Samsung managed to share its guidance of the median of consolidated sales and profit, which are mentioned below.
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- Sales: 76 ~ 78 trillion Korean won
- Operating Profit: 13.9 ~ 14.1 trillion Korean won
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Apart from this, Samsung’s K-IFRS-based consolidated figures for the first and second quarters show a slight increase in overall sales while negligible in overall profit. Meanwhile, Samsung is wishing to gain the above-mentioned earnings in the 2nd half of this year.
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The figures show that the overall sales and operating profit decreased by 1% and 0.85% compared to the previous quarter, respectively. On the other hand, the sales and operating profit boosted by 20.94% and 11.38% compared to the same period of the last year.
What’s K-IFRS
IFRS’s (International Financial Reporting Standards) Korean org. plays the key role in providing earnings guidance for provisional performance. In 2010, Samsung has started providing information based on global standards by applying to the IFRS so investors can make more accurate earnings forecasts.
Galaxy Z Fold 4, Flip 4
Samsung is going to introduce its next-generation foldable smartphones – Galaxy Z Fold 4 and Galaxy Z Flip 4. Both of these devices are expected to feature Snapdragon 8+ Gen 1 chipset, while the sales of Samsung Mobile Division are likely to rose, thanks to the growing demand for foldable phones.
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Samsung provides Rugged Galaxy devices that meet the needs of industries that demand reliable, durable, and powerful mobile devices under a variety of working conditions, even in the harshest environments. Recently, by testing the durability of the Rugged lineup, construction contractor Murray Kruger conveys that the Samsung Galaxy XCover 6 Pro and Galaxy Tab Active 4 Pro are capable of surviving harsh construction conditions.
Kruger has been in business for 22 years and started his own contracting company in 2012. It specializes in insurance repairs and renovations, possibly one of the harshest construction environments with smoke, ash, clogged basements, toxic fumes, and below-freezing temperatures.
According to a 2022 survey by Samsung Electronics Canada of Toronto Building Society members, more than 40% of respondents believe their current mobile devices cannot cope with their work environment.
Both the Galaxy XCover 6 Pro and Galaxy Tab Active 4 Pro are IP68 rated and meet the MIL-STD-810H standard for harsh environment durability. The devices are scratch-resistant, water- and dust-resistant, can withstand drops of up to 1.5 meters, and can function in extreme altitudes and temperatures.
The advanced Gloves Mode allows the screens of both devices to remain touch-responsive even if the user is wearing leather gloves. Even, the staff of Kruger Construction also noted that both devices provide excellent connectivity even behind steel barricades or in flooded basements. Galaxy XCover 6 Pro exclusively supports 5G and Wi-Fi 6E for ultra-fast connectivity.
Through both the Samsung rugged devices, the construction crew got creative. Krugers puts several tests but the performance of these devices exceeded expectations.
In early June 2023, a Samsung app update changelog teased the unreleased One UI 6.0 software. Google started working on the new Android 14 operating system in early February, with an official release scheduled for August this year.
There are a lot of Samsung devices eligible for the Android 14-based One UI 6 upgrade. And thanks to Samsung’s software rollout history, it’s quite easy to figure out which Galaxy phones will be the first to receive the One UI 6 firmware update this year.
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Samsung’s Galaxy S23 series is first in line to receive the new One UI 6 update as soon as the official unveiling happens at SDC 2023, sometime in October. However, the S23 series and select more models will be invited in Beta activity to test the OS before release.
Android 14 (One UI 6) update will first rollout to these Samsung Galaxy devices
- Galaxy S23 Series – S23, S23 Plus and S23 Ultra
- Galaxy S22 Series – S22, S22 Plus and S22 Ultra
- Galaxy S21 Series – S21, S21 Plus and S21 Ultra
- Galaxy Z Fold Series – Z Fold 5 and Z Fold 4
- Galaxy Z Flip Series – Z Flip 5 and Z Flip 4
In the list we mentioned above, there’s an exclusivity of flagship devices, why not? The South Korean tech giant will first roll out the Android 14 to newer flagships, followed by older flagship models and mid-range ones. Along with them, select budget models will also join the party with new updates.
Congrats if you have an eligible Galaxy S or Galaxy Z series smartphone for One UI 6.0 software. Samsung will let you install the new OS, starting from August 2023, if it follows the same timeframe as the last year. You can check all One UI 6.0 eligible devices here.
Samsung Canada is marking the next step in its retail evolution with the opening of two new, immersive Samsung Experience Stores that expand and enhance the customer retail experience. To find the Samsung Experience Store nearest you, visit this link.
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The locations at Square One Shopping Centre in Mississauga and Bramalea City Centre Mall in Brampton feature sleek new designs that will help consumers experience Samsung’s connected device ecosystem, try new products, and benefit from exclusive offers.
- Square One opened May 19; Bramalea City Centre will open in early June.
These Samsung Experience Stores will offer residents of Mississauga, Brampton, and the surrounding areas a chance to experience new devices such as the Galaxy S23 Ultra, Book 3, and the Watch 5 in person – with Samsung experts onsite to demonstrate how the devices all seamlessly connect and work with one another.
At each location, Canadians can buy in-store, order ahead and pick up, or take advantage of an endless aisle shopping experience to browse and select any product from Samsung’s extensive portfolio of TVs, Monitors, Appliances, and more.
“Our two new Samsung Experience Stores enable more Canadians to physically experience our innovative ecosystem of connected devices – which is an essential part of the online shopping experience,” said Krista Collinson, Head of Direct to Consumer and Retail Excellence, Samsung Canada.