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Samsung Galaxy Z Flip 4 becomes first smartphone to get “Product of the Year” award
Samsung launched the Galaxy Z Flip 4 smartphone in early August this year. While considering its looks to internals and software, Samsung has brought lots of improvements over its predecessor, which made the Galaxy Z Flip 4 win the title of “Product of the Year” in Belgium.
Throughout the year, Samsung will now be able to display the iconic logo on its products, in all its advertisements, on the packaging, and, of course, in stores. This will attract customers to the brand and help the company achieve more success as the Product of the Year logo will help customers make the right choice.
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Furthermore, with its compact and foldable design, the Galaxy Z Flip 4 offers an extraordinary experience. You can take pictures and videos from all possible angles and switch from ‘handheld’ to ‘hands-free’ mode. Multiple functions are available such as calls, texts and even opening the car without unfolding your phone.
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With its slimmer hinge, straight edges, contrast matte glass on the back, and shiny metal bezels, this is Samsung’s most refined design yet. On both the cover screen and the main screen, you can fully customize the Z Flip 4 with Galaxy themes inside and out.
Therefore, you can personalize your collapsible by adding fonts, icons, and patterns of your choosing. Plus, you can create your own cover screen with new clocks and a variety of backgrounds, such as images, GIFs, and even videos.
Product of the Year award:
The “Product of the Year” award and logo have existed since 1987. The winning products are selected based on submissions from brands and distributors. After a preliminary selection based on objective criteria, the products are judged by interested consumers who have purchased the product.
They judge products on their innovative character, attractiveness, and their user-friendliness. The product is tested in the consumer’s living environment to truly test the ease of use and added value. The satisfaction survey is conducted by Treatz under the direction of the independent research agency Nielsen, which is also responsible for collating the results.
First for an electronic company:
In recent years, various products have received the title of “Product of the Year”, but these were mainly FMCGs. These are products that have a short shelf life and are traded quickly, such as facials and soft drinks. Meanwhile, for the time, a smartphone has won this award and proudly, it’s Samsung Galaxy Z Flip 4.
The Product of the Year award confirms the innovative and user-friendly character of the Samsung Galaxy Z Flip 4 smartphone. Winners make a difference because their products best meet consumer needs. These needs are constantly changing and innovations must anticipate them.
– Source
Samsung’s executive chairman Jay Y. Lee (Lee Jae-yong in Korean) topped the Forbes 2024 Richest Korean list for the first time. On April 17, Forbes revealed that the Samsung boss is the richest in South Korea, with his assets increasing by $3.5 billion, bringing his total net worth to $11.5 billion.
Thanks to a rise in Samsung’s stocks, Samsung’s Lee jumped to the top of the Forbes 2024 Richest Korean list. Notably, the company’s stocks significantly hiked after the revelation that it’s developing high-bandwidth memory chips used in AI computing for NVIDIA.
Forbes 2023 Richest Korean, Kim Byung-ju, slipped to second this year with assets worth $9.7 billion. The third place went to Seo Jung-jin, honorary chairman of Celltrion, with assets of $7.5 billion.
Cho Jung-ho, chairman of Meritz Financial Group, ranked fourth with $6.2 billion, and Chung Mong-koo, honorary chairman of Hyundai Motor Group, was fifth with $4.6 billion.
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Samsung established an AI chip design-dedicated Advanced Processor Lab in Silicon Valley, US. Formerly known as the Advanced Institute of Technology, Samsung’s SAIT is said to have formed the new Lab to strengthen its AI chip R&D in the US.
BusinessKorea reports that the new Samsung Advanced Processor Lab to focus on developing next-gen AI semiconductor design assets in the US. The assets are said to be focused on the RISC-V area, which serves as a foundational design asset for semiconductor chip design.
Samsung’s initiative with RISC-V is interpreted as a move towards technological independence. Therefore, the company is expanding its R&D organization in Silicon Valley, aiming to enhance design capabilities to disrupt the market currently dominated by NVIDIA.
Amid the booming AI era, the market of advanced semiconductors is also expanding. Samsung has completed the development of its Mach-1 AI semiconductor and supplied prototypes to global firms including Korea’s Naver. The company has also started the development of Mach-2.
Under the CHIPS Act, Samsung received huge subsidies to boost investment in the US. It’s worth noting that the Biden govt awarded a 12% subsidy of Samsung’s total investment, which is significantly higher than Intel and TSMC’s subsidy.
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Samsung’s first 3nm Exynos 2500 chip could outpace Snapdragon 8 Gen 4 in power efficiency. Both chipsets will power the next-gen Galaxy flagships, scheduled for an early 2025 launch. Recent input suggests that Exynos is returning as a tough rival to Snapdragon.
The Exynos 2500 will be made on Samsung’s 2nd-gen 3nm process technology. The S24’s Exynos 2400 chipset impressed the industry with significant improvements over its predecessor. The company appears to be leveling up the game next year.
Thanks to the cutting-edge process node, Samsung’s next Exynos could finally surpass its Snapdragon counterpart in power efficiency. The company may utilize its advanced FOWLP in the Exynos 2500 to make it run at higher clock speeds at the same power consumption level.
Qualcomm is facing power efficiency concerns with its recent Snapdragon chips. Due to reduced efficiency, phone makers are forced to bring up to 5000mAh battery. Samsung apparently seized this opportunity to bring back its in-house Exynos back to the contest.
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