Today, Samsung disclosed its earnings estimation for Q3 2024. The company’s top leadership also issued a rare apology for its lack of innovation, admitting that despite the AI chip boom, the company missed the opportunity for growth.

Samsung announced its provisional results for Q3 2024, reporting sales of 79 trillion KRW and an operating profit of 9.1 trillion KRW. The company will soon release final results, which could be just marginally different.

The Korean tech giant further revealed that sales increased by 6.66% while operating profit decreased by 12.84% quarter over quarter. Besides, the sales rose by 17.21% and operating profit surged by 274.49% year-on-year.

• Consolidated Sales: Approximately 79 trillion Korean won
• Consolidated Operating Profit: Approximately 9.1 trillion Korean won

Samsung’s flagship and foldable phones scored lower than expected sales. The company’s semiconductor business is already in crisis due to yield issues. Samsung is facing concerns in multiple ways leading it to a critical stage.

TSMC continues to widen the gap in the international foundry market. Its rivals in the memory chip market like SK Hynix are also giving fierce competition. Late entry into the cutting-edge AI memory semiconductor market also made things painful.

We’ve seen reports Samsung could be laying off employees in various countries. The company could cut its workforce and focus on growth further. DS Division could also see a major reshuffle to return to the pace of growth.

It’s 8th October 2024 and Samsung has updated the details of the latest security patch for its Galaxy devices on its scope page. It contains CVE and SVE items to improve the security and stability of the device to provide a better and more secure experience.

Samsung has already begun releasing the October 2024 security patch and Galaxy S24 FE is the first smartphone to receive it. The company will add more devices soon to this update list.

October 2024 security update includes patches from both Google and Samsung, addressing various vulnerabilities and exposures in the Android operating system and Samsung’s software.

The Google patches cover up to the Android Security Bulletin – October 2024 package, which contains 2 critical level and 28 high-level CVEs. However, 1 CVE has already resolved by previous updates from the company, and 2 are not relevant to Galaxy devices.

On the flip side, the Samsung patches include 12 Samsung Vulnerabilities and Exposures (SVE) items, which are specific to Samsung’s devices and applications. It fixes issues related to system service, Knox services, and more.

Not only this, Samsung Semiconductor also adds a fix for 1 high-level CVE to enhance the performance.

Samsung October 2024 Security Patch Details

Android Patch Details

Critical

• CVE-2024-33042, CVE-2024-33052

High

• CVE-2024-3655, CVE-2024-31336, CVE-2024-23716, CVE-2024-36972, CVE-2024-23365, CVE-2024-23362, CVE-2024-33016, CVE-2024-33045, CVE-2024-33054, CVE-2024-33038, CVE-2024-33035, CVE-2024-33034, CVE-2024-33060, CVE-2024-23358, CVE-2024-23359, CVE-2024-23364, CVE-2024-33051, CVE-2024-33057, CVE-2024-33050, CVE-2024-33048, CVE-2024-33043, CVE-2024-0044, CVE-2024-40676, CVE-2024-40675, CVE-2024-40673, CVE-2024-40672, CVE-2024-40677, CVE-2024-40674

Moderate

• None

Already included in previous updates

• CVE-2024-20017

Not applicable to Samsung devices

• CVE-2024-39432, CVE-2024-39431

Samsung Semiconductor

High

• CVE-2024-44068

One UI Patch Details

• SVE-2024-0766(CVE-2024-34662): Improper access control in ActivityManager
• SVE-2024-1247(CVE-2024-34663): Integer overflow in libSEF.quram.so
• SVE-2024-1387(CVE-2024-34664): Improper check for exception conditions in Knox Guard
• SVE-2024-1490(CVE-2024-34665): Out-of-bounds write in librtppayload.so
• SVE-2024-1492(CVE-2024-34666): Out-of-bounds write in librtppayload.so
• SVE-2024-1494(CVE-2024-34667): Out-of-bounds write in librtppayload.so
• SVE-2024-1495(CVE-2024-34668): Out-of-bounds write in librtppayload.so
• SVE-2024-1496(CVE-2024-34669): Out-of-bounds write in librtppayload.so

Breaking: Samsung drops October 2024 security update, Galaxy S24 FE takes the lead

Samsung today announced the October 2024 update for Galaxy Enhance-X. The company has added new features and expanded support to more models. Samsung also plans to test new Gallery and Editing features via Galaxy Enhance-X.

Recently, a Samsung moderator confirmed Gallery and Editing features could be tested through Galaxy Enhance-X before the official release. The app could become a Beta test hub for Galaxy devices to elevate Gallery and Editing functions.

Samsung regularly drops new features on the Galaxy Enhance-X application. It’s powered by AI capabilities so Galaxy users can get things done through AI magic. Upcoming Gallery and Editing tricks could be previewed on the Enhance-X app.

“And in the future, we will continue to use the Galaxy Enhance-X app as a channel for communication with Samsung Members by providing new gallery and editor features to users before their official release,” Samsung mod noted.

With the October update, Samsung released various new features for Galaxy Enhance-X. Galaxy S24’s Camera Shift has also expanded to One UI 6.1.1 devices. The latest update is available for compatible devices through the Galaxy Store.

Galaxy Enhance-X is a photo and video editing app for Galaxy devices. It’s supported by limited Samsung models and allows users to make some magical edits. It uses AI to enhance images by improving clarity, brightness, and color accuracy.