Samsung
Samsung quarterly profit could fall 25% for the first time in last three years
Samsung is ruling the Android smartphone market for years. The company’s profit has only increased in the previous few years. But as per a new information, 2023’s Samsung quarterly profit could fall 25%, the first year-on-year decline in the last three years.
According to the report by Refinitiv SmartEstimate from 22 analysts (via Reuters), Samsung’s operating profit, the world’s largest maker of memory chips and smartphones, could fall to 11.8 trillion won (around $8.3 billion) in the July-September quarter.
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The information further suggets that Samsung is facing a quarterly profit fall of a massive 25% due to the economic downturn that ruined demand for electronic components and the chips that power them.
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Globally, central banks are aggressively raising interest rates, fears of a recession are rising and there is always uncertainty about the outcome of Russia’s invasion of Ukraine. As a result, businesses and consumers alike have denied spending.
Furthermore, this is the first time that the Korean company’s profit decline is happening since the first quarter of the year 2020 and the lowest level of quarterly profit since the first quarter of 2021. As of this latest quarter, strong demand for devices as people were forced to stay at home has resulted in big gains for Samsung.
Going by the information, Samsung’s mobile business is expected to see a drop in profits, with a 17% decline predicted to fall of 2.8 trillion won. However, the launch of Samsung Galaxy Z Fold 4 and Galaxy Z Flip 4 during the quarter pushed up the average selling price.
At the same time, Samsung’s chipset business is also likely to fall by nearly a third to 6.8 trillion won, an average of seven estimates showed. On the other side, some DRAM memory chip prices that are widely used in smartphones and PCs might fall by 14% in the quarter, whereas, the prices for NAND flash chips used in data storage could fall by 8%.
Samsung’s April 2024 update is reportedly bricking Galaxy Z Fold 3. A user reported on the Korean version of Samsung’s community that this smartphone was stuck in recovery mode after triggering the installation of the F926NKSU2HXD2 firmware.
The problem seems limited as I haven’t found many reports regarding the same. At the same time, the comments section of the source post also lacks similar feedback from consumers. Still, I recommend you not to install the HXD2 firmware on your Galaxy.
Samsung has recently launched Samsung Wallet in its home ground. We’ve seen a heavy number of Samsung Pay users switching to Wallet for advanced payments and mobile ID features. Notably, the firmware update also brought Samsung Wallet Mobile ID integration for the Fold 3.
Apart from the Wallet upgrade, the firmware brings the April 2024 security patch. Samsung may have also released HXD2 to the Galaxy Z Flip 3 in South Korea. The same firmware was started rolling out to the Galaxy Z Flip 4, however, there are no reports from consumers in the community.
While the smartphone is stuck in recovery mode, the only way left is to wipe the data. Wiping data will lead the user to lose access to all the personal data that was not backed up. Also, there will be a lot of hurdles after manually resetting the device such as logging in via the trusted device.
We will update you on the matter!
Samsung's April 2024 update bricking Galaxy Z Fold 3 5G in South Korea ‼ ‼
– Suspected SW: F926NKSU2HXD2
After installing, the user's phone stuck into recovery mode.
Rebooting through volume/power keys doesn't work, infinite loop⁉#Samsung #GalaxyZFold3 #OneUI6 pic.twitter.com/DLJpXZQxXe
— Yash Rathore (@YashRathoreX) April 19, 2024
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The US variant of Samsung Galaxy Z Flip 6 will be equipped with a Snapdragon 8 Gen 3 processor. There were reports that Samsung may expand the Exynos chipset to its foldable lineup, which doesn’t seem to be happening, at least in the United States.
Recently, Samsung Galaxy Z Flip 6 US variant was spotted on Geekbench with Snapdragon chip. It isn’t surprising as the company is following its conventional chipset strategy. We expect that it will be the same chipset used in the Galaxy S24 Ultra, the Snapdragon 8 Gen 3 for Galaxy.
The Flip 6 smartphone scored 15084 points on Geekbench’s GPU test. Due to its foldable form factor, the device may miss a Galaxy S24-like larger cooling technology. Still, its impressive 15000+ points in the GPU test indicates that Samsung has greatly optimized the software.
The company still has three months remaining in the launch event. More performance improvements will likely be achieved before the Unpacked. The South Korean tech giant will likely unveil the next-gen foldable phones in mid-July.
This year, the Galaxy Z Fold 6 Ultra would join the standard Galaxy Z Fold 6 and the Galaxy Z Flip 6. In addition, an affordable variant of Fan Edition branding is also in development. However, the cheaper foldable would miss some pro-grade specs to maintain the price.
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Samsung Galaxy M35 5G is confirmed to feature Bluetooth 5.3 technology. The phone has recently surfaced on Samsung India’s support website, hinting at imminent launch. Rapid developments indicate that the device will soon be released in the Indian market.
As spotted by MySmartPrice, the Samsung Galaxy M35 5G appeared on the Bluetooth SIG certification site. The database revealed that Samsung’s next M series phone carries model number SM-M356B_DS and supports Bluetooth 5.3.
Samsung recently launched the Galaxy A35 5G in the US, following the Global debut last month. The phone costs $400, while the upcoming Galaxy M35 5G will introduce identical design and specs at a lower price in select markets including India.
Previous reports reveal that the Galaxy M35 5G packs a 6000mAh battery with 25W charging support. The phone could be powered by an Exynos 1380 SoC paired with at least 6GB of RAM. It’s confirmed that the One UI 6.1 with Android 14 will come pre-loaded with it.
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