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%.
At SDC24, Samsung officially revealed its plans for the Android 15-based One UI 7 update.
As usual, your Galaxy’s next major update is set to arrive in two phases: Beta and Stable.
Well, well, there’s a major delay in the availability of One UI 7 in both Beta and Stable form, which could be disappointing for you.
One UI 7 Release Schedule
- Beta – One UI 7 Beta coming by the end of this year for developers.
- Stable – One UI 7 will release with the new Galaxy S series next year.
Are you excited about the upcoming One UI 7 update, or are you disappointed by the delay in the stable release? Let us know your thoughts in the comments below! 👇
Samsung's One UI 7 is on its way! 📱🎉
✅ Beta for developers by the end of 2024.
✅ Stable release with the next Galaxy S series in 2025.Are you excited or disappointed?
Let us know in the comments! 👇#Samsung #OneUI7 #Android15 #GalaxyAI #SDC24 #GalaxyS25 pic.twitter.com/tpwEl29Raf
— Sammy Fans – We ♥ Samsung! (@thesammyfans) October 3, 2024
As a tech writer, I’m eager to see what Samsung has in store for Galaxy’s Android 15. The company has only teased an upgraded Good Lock alongside core design elements that are Simple, Impactful, and Emotive.
One UI 7 Beta
The Android 15-based One UI 7 Beta Program will be available for developers in late 2024. This early access will allow developers to test new features, identify potential bugs, and provide valuable feedback to Samsung.
Official One UI 7
Unlike previous One UI versions, the One UI 7 will debut with the new Galaxy S series. The Public release (also known as Stable rollout) is slated for early 2025, coinciding with the launch of the next Galaxy S25 series.
Since the exact details of One UI 7 are still under wraps, we can expect a range of enhancements and improvements based on the trends seen in previous updates
Samsung has finally confirmed exciting information about Android 15-based One UI 7. At SDC24, the company has announced that developers will get access to this beta before the end of the year.
The official version will arrive with the next Galaxy S series, Galaxy S25, next year. One UI 7 is designed to provide users with personalized, creative, and productive experiences on their mobile devices.
At the event, Samsung gave a sneak peek of One UI 7, showcasing its new user experience that focuses on three main design elements – Simple, Impactful, and Emotive.
With One UI 7, Samsung aims for a clean and more consistence interface to make it easier for users to navigate their devices. In addition, the company wants to create a memorable look and feel for One UI to set it apart from distinctive design elements.
Moreover, the upcoming major update will include features like a new blur engine that aims to create positive feelings in users when they interact with their devices.
It also brings more ways to seamlessly integrate Galaxy AI features into daily activities. Overall, One UI 7 looks to provide a more intuitive and visually pleasing experience for users.
Aside from this, Samsung also announced a big change that all its products will be unified under a single software experience called One UI next year.
One UI for All Devices: Samsung announces unified software for 2025
At the Samsung Developer Conference (SDC) 2024, Samsung has announced an important change that all its products will unified under a single software experience called One UI next year. Through this, the company aims to make things easier for users of all Samsung devices.
Samsung’s software is currently available in different products like mobile devices, TVs, and home appliances, each with its own name. Starting in 2025, Samsung will bring all these under the One UI brand to make things easier for users.
One UI has been used for mobile devices since 2018, and now it will also be used for other products. By unifying everything under One UI, Samsung hopes to create a smoother and more consistent experience.
Moreover, Samsung has also promised to offer up to seven years of operating system upgrades for its mobile devices. This means users can expect longer support and updates, keeping their devices running smoothly and safely for years.
Aside from this, Samsung is also focusing on artificial intelligence (AI). To achieve its “AI for All” goal, Samsung will focus on using AI for good to help people solve social problems and make the world better for future generations.
With One UI unifying its software and focus on AI, Samsung is making its devices easier to use and connect with each other.