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Samsung to organize Global Strategy Meeting starting this week
After the annual executive reshuffle this Friday, Samsung is going to hold a Global Strategy meeting starting this week to talk about business strategy for next year amid continuing uncertainty about the macroeconomic environment.
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In order to review each division’s business situation and discuss plans for new growth engines for the next year, Samsung holds global strategy meetings twice a year in June and December. Notably, it will be the first meeting of the Samsung Group’s leader Lee Jae-Yong since becoming executive chairman of Samsung Electronics on October 27.
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Samsung’s Device Experience (DX) unit which manages its smartphone and home appliance businesses will hold meetings on Thursday and Friday, while the Device Solutions (DS) unit, which manages the company’s chip business will hold meetings on December 22.
Samsung Global Strategy Meeting
In the meeting, Samsung executives are expected to discuss how to meet and manage the challenges posed by global inflation, suppressed consumer demand, rapidly rising interest rates, geopolitical tensions, and the current pandemic. Due to the sluggish demand for smartphones and home appliances, the DX unit will look for ways to strengthen its hold on the global high-end market while trying to bring down production costs.
Against the backdrop of a slowdown in the semiconductor industry, Samsung’s outlook for the fourth quarter is bleak. The world’s biggest maker of memory chips and mobile phones profited in the third quarter as its core semiconductor business faced major headwinds from weak memory chip prices and demand.
Samsung’s regulatory filings showed that its operating profit and net profit for the July-September period fell 31.4 percent and 23.6 percent, respectively, year-on-year. As of the third quarter, the company reported inventory assets of about 57.3 trillion won ($4.38 billion), up 38.5 percent from a year earlier.
Samsung has unveiled a new feature for its SmartThings platform called Home Insight at SDC24. This feature makes smart home management easier and more efficient by using artificial intelligence (AI).
Jaeyeon Jung, the Executive Vice President of SmartThings, explained that Home Insight is designed to understand how people live in their homes. It provides helpful home reports and personalized recommendations based on how you use your devices, your preferences, and even the time of year.
Samsung Home Insight makes it easier for people to manage their smart homes. For example, if you often forget to turn off the lights during the day, Home Insight can remind you to do so.
To make these features easy to access, Samsung introduced the Home Insight Widget, which will be available on the new Galaxy Tab S10. This means users can turn their tablets into a controller for managing various smart devices, all from one app.
It is expected that Samsung will soon expand the SmartThings Home Insight feature through a new update. Currently, you can access this feature in the Galaxy Tab S10 series.
Last month, Samsung launched the Galaxy Tab S10 series. The Galaxy Tab S10 Ultra features a massive 14.6-inch panel, while the Tab S10 Plus sports a 12.4-inch screen. Both models have premium Dynamic AMOLED 2X displays and offer a vibrant yet natural viewing experience.
Galaxy Tab S10+/Ultra unveiled: Samsung shows Apple the ‘REAL’ anti-reflective screen
Samsung will be expanding a selection of new One UI 7-powered Galaxy AI experiences beyond its flagship devices into the Galaxy A series and continue to bring Galaxy AI to the entire Galaxy ecosystem.
At SDC24, Sally Hyesoon Jeong announced the expansion of new Galaxy AI features to A series with One UI 7. Not all, but a selection of new Galaxy AI experiences included in the upcoming software will be shared with A series.
Galaxy A36 and A56 could be launched around March next year. New features of these phones will be expanded to select older models such as the Galaxy A35 and A55. You can expect much more to come to your phone in the first half of next year.
Recently, Samsung released the Circle to Search feature for Galaxy A35 and A55. The company will debut new Galaxy A phones next year. These devices could be equipped with even more AI-powered features as per hardware specs.
Samsung has not revealed much at the Developer Conference yesterday. The One UI 7 is still under development, with Beta will be releasing later this year. The final version will go official with the Galaxy S25 series next year.
The company is exploring a brand new UX design. The Android 15-based One UI 7 will bring a fresh new look to the entire interface. The company is also integrating AI across its portfolio to enhance customer experiences.
YouTube currently has a feature called Shorts, where users can create videos that are 60 seconds long. Starting October 15, YouTube will let users create Shorts of up to 3 minutes long. This change is a boon for creators as it gives them more time to share their ideas with more content.
Many creators have been asking for this change, and now YouTube is finally making it happen. Google mentioned that it is the top-requested feature by creators. With the 3-minute time limit, creators can include more details in Shorts.
It is worth mentioning that the new length will apply to videos that are square or taller in the aspect ratio to keep the Shorts format easy to view and engaging. Any Shorts uploaded before October 15 will remain the same and won’t be affected by this update.
Aside from this, YouTube is also changing the look of the Shorts player to make it cleaner and easier to use. The buttons will have a simple outline instead of color-filled ones and there will be a single line for descriptions.
Viewers will soon be able to see what others are saying about a video as comments will soon be visible directly in the Shorts player. YouTube will soon provide ” Show fewer Shorts ” options on the Home feed.
There’s more for creators as soon they can easily remix clips from various YouTube videos right in the Shorts camera. They’ll also be able to use templates to match trends and add their personal touch. Overall, Google hopes to make YouTube Shorts more user-friendly, easy to use, and engaging.
