Samsung
Samsung reveals Q3 results, forecasts roaring Galaxy device sales in 2024
Samsung today revealed Q3 2023 operating profit and sales results. At the same time, Samsung forecasts roaring Galaxy devices (smartphone, tablet, and smartwatch) sales in 2024. The company’s revenue for Q3 dropped by 12% to 67.4 trillion won ($50 billion).
According to the info, in Q3 2023, Samsung was able to reduce its losses in memory chips by 14 percent to 3.75 trillion won from 4.36 trillion won as it focused on cutting-edge DRAM chips supporting AI and cut production of older chips.
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Due to weak consumer demand smartphone and PC manufacturers have grappled and have decided to draw down chip inventories instead of spending to replenish their holdings. However, Samsung sees better times ahead for memory chips and said:
“PC and mobile demand is likely to benefit from the arrival of some replacement cycles for products.”
More insights:
- Total consolidated revenue was KRW 67.40 trillion, a 12% increase from the previous quarter, mainly due to new smartphone releases and higher sales of premium display products.
- Operating profit rose sequentially to KRW 2.43 trillion based on strong sales of flagship models in mobile and strong demand for displays, as losses at the Device Solutions (DS) Division narrowed.
- The Device eXperience (DX) Division achieved solid results due to robust sales of premium smartphones and TVs. Revenue at the Networks Business declined in major overseas markets as mobile operators scaled back investments.
Samsung announced its first ring-style wearable in July this year. Now, Samsung launched the Galaxy Ring in Brazil, expanding the gadget to another market. The company has also started pre-orders that last until October 18.
The Galaxy Ring is available in three color options in Brazil. The available hues include Black Titanium, Silver Titanium, and Gold Titanium – and nine size options with a suggested retail price of R$ 3,499.
Sizing Kit: If the consumer indicates that they do not know the size of the smart ring, a pop-up window will open for the purchase of the Sizing Kit (costing R$ 99) which will automatically become a credit for the purchase of the Galaxy Ring later.
AI offers more accurate health analyses. The Galaxy Ring integrates with Galaxy Watch through AI to improve accuracy and precision. When paired with the Galaxy Watch 7 or Watch Ultra, the Ring’s battery life extends by up to 30%.
Samsung debuted the Energy Score system with Galaxy Ring. This AI-enabled feature makes you aware of how health influences daily life. You can use recommendations based on your current physical state to focus your efforts on improvements.
An AI-powered sleep algorithm analyzes sleep patterns including snore detection, sleep movement, heart rate, and respiratory rate. These details combined unlock Sleep Score to provide personalized insights, identifying disruptions and suggesting adjustments.
Galaxy Ring also supports the Heart Rate Alert, which provides instant notifications of exceptionally high or low heart rates. The notification arrives through the Samsung Health app integrated with Stress Monitoring.
Samsung has pushed a new update for its Weather Widget app with version 1.6.82.11. This update brings some important enhancements to improve user experience and performance.
The latest version makes the app easier to use and more reliable. Users will benefit from better performance as the app now retrieves and displays weather information more quickly and accurately.
With the weather changing all the time, having a widget to check updates is useful. This new update helps ensure that users get the latest updates easily.
In addition to these improvements, the update also fixes several issues that users had reported in earlier versions. By addressing bugs, the app will run more smoothly and efficiently.
Samsung Weather Widget is an important app as it keeps track of the weather. Whether you’re planning a day out or need to know if you should carry an umbrella, this app helps you stay prepared. With this update, the app becomes even more useful and personalized.
If you already use the Samsung Weather Widget, install it now to version 1.6.82.11 to enjoy all the new enhancements and improvements. The new update is available on the Galaxy Store with a package size of 42.3MB.
You can install the update via Galaxy Store >> Menu option >> Updates. Also, you can directly download it from the third-party app link mentioned here.
With One UI 6.1.1, Galaxy users can enjoy changing photos that match the weather and time. If it’s snowing or raining where you are, the background photo will show that weather.
Verizon is rolling out the One UI 6.1.1 update for Samsung Galaxy Tab S9+ 5G in the US. This update is already live in Europe and Korea. The company will soon make it available in more countries.
The fresh update introduces One UI 6.1.1 features that make the performance of the device smoother. Also, it installs the August 2024 security patch to improve system security and stability.
Notably, the One UI 6.1.1 update adds exciting new features like turning your sketches into images, making photos look better, and auto-completing text on the Samsung Keyboard. You can now translate calls and text in images in real-time, convert voice to text, handle PDFs more easily, and enjoy wallpapers that change with the weather and time.
Samsung Galaxy Tab S9+ 5G users are getting the One UI 6.1.1 update on Verizon network carrier in the US via PDA version X818USQU4BXHB. The update is rolling out for locked models.
To check for software updates manually, head toward your phone’s Settings. At the bottom, you will get the Software Update section, simply open it. Inside the submenu, you need to hit the Download and Install button if your Galaxy fetches a new OTA.
Before you download, make sure to connect your device to a Wi-Fi network, or make sure it has a strong Verizon wireless network connection. In addition, ensure your battery is fully charged before starting the software update.
Galaxy Tab S9’s One UI 6.1.1 lands in Canada, S23 update still pending