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Samsung announces Second Quarter 2022 results, DS division reported historical high
Samsung has officially released the financial results for its second quarter of 2022. With 12% YOY increases, the company has consolidated revenue of KRW 77.2 trillion and an operating profit of KRW 14.1 trillion.
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For the second consecutive quarter, revenue from the DS (Device Solutions) segment reached an all-time high, while the DX (Device Experience) segment saw a significant year-on-year increase in revenue.
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In the second Quarter of 2022, the company’s capital expenditure in the second quarter was KRW 12.3 trillion, which included KRW 10.9 trillion in DS and KRW 0.8 trillion in SDC (Samsung Display Corporation).
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Like the first quarter, memory spending in P3 was focused on infrastructure and process migration at Fab in Hwaseong, Pyeongtaek, and Xi’an. Investments in the foundry business are focused on increasing production capacity for advanced processes below 5 nanometers.
The DS division and SDC reported KRW 28.5 trillion and KRW 7.71 trillion in consolidated revenue respectively while KRW 9.98 trillion and KRW 1.06 trillion in operating profit, as per the Samsung second quarter financial results for the year 2022.
Looking at the second half of this year, for the smartphone market, the company expects earnings to increase as compared to 1H as new products are about to be released by major consumers.
Earlier, it was noticed that Samsung’s top-line Galaxy smartphones were stuck on older Google Play System Update versions. Google sent out new updates to those Galaxy devices following several reports by users and media publications.
Well, the situation is the same on certain Galaxy models, mostly in Europe. GalaxyClub reports that their Galaxy S23, Z Fold 5, Galaxy A33, and other devices are lagging behind in Play System Update. In particular, various handsets are stuck on July 2023 Play System version, which is over five months old now.
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The Galaxy S20 series makes it even more colorful, which currently does not progress beyond the May 1 update. Sometimes a manual check is followed by the message “Your device is up to date” or “Updates are temporarily unavailable.”
On the other hand, the Galaxy A52 got November 2023’s Play System update, while the Galaxy A53 September’s. You can check when your Galaxy received the last Google Play System Update via Settings -> Security & privacy -> Updates -> Google Play System Update.
// GalaxyClub
Samsung officially launched the Galaxy S23 FE in South Korea. Releasing tomorrow, this smartphone combines premium performance, an unrivaled camera, and a stylish design. The price starts at 847,000 won, it will be available in four colors including Mint, Graphite, Purple, and Cream.
In addition, Samsung.com and the Gangnam Experience Store will sell two exclusive color options – Indigo and Tangerine. The company also started “Galaxy perFEct Program for customers of the Galaxy S23 FE.
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Customers who purchase the Galaxy S23 FE through this program can receive compensation for 50% of the factory price if they return the used product after 24 months.
Samsung will give away either the Galaxy Smart Tag 2 or a 25W PD charger (power-saving type) to customers who activate the Galaxy S23 FE by December 22. Customers who purchase can select the gift they want through the Samsung.com app.
Galaxy S23 FE has an iconic design that succeeds the S23 series. A floating camera and a small-sized camera hole were used, and durability was enhanced with an aluminum frame. With an IP68 waterproof and dustproof rating, you can use it with confidence without worrying about dust or moisture.
// Samsung
Samsung is developing solid-state battery technology to replace the current electrolyte battery. Meanwhile, Samsung Galaxy devices are unlikely to get a solid-state battery (AKA battery of dream) unit 2027.
According to a new report, Samsung SDI formed a new team to promote commercialization of solid-state battery (ASB). The team will be led by Go Joo-young, head of the marketing team of the large-scale battery business unit.
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Through the new organization, the South Korean tech giant plans to accelerate project speed with customers and expedite the commercialization of ASB. Samsung SDI aims to commercialize ASB by 2027.
Samsung SDI is focusing on the development of all-solid-state batteries with an energy density of over 900 Wh/L by adopting sulfide-based technology, which can achieve the fastest lithium-ion flow (ion conductivity) per unit volume.
The ASB is a next-generation battery, which transfers ions between the positive and negative electrodes, from liquid to solid, improving safety and performance. It has advantages such as higher energy density than conventional lithium-ion batteries and lower risk of fire or explosion.
// KEDGlobal