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For the first time, Samsung surpassed $230 billion in sales
On March 15, Samsung Electronics held its 54th regular shareholders’ meeting where it announced that the company surpassed $230.62 billion in sales for the first time in 2022. Despite a continuous market downturn, the company created a new record, which is satisfying for the shareholders.
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According to Vice Chairman Jong-Hee Han, CEO, despite the difficult environment last year, Samsung Electronics exceeded 300 trillion won (~ $230.62 billion) in sales for the first time thanks to the efforts and encouragement of many people, breaking the record for two consecutive years.
It’s worth mentioning that the Korean tech giant is facing a serious drop in its foundry business due to low demand and yield concerns. Samsung mobiles are selling well, but the company is now focussing more on the premium segment to increase overall revenue.
In addition, the company announced that it has been steadily preparing the foundation for sustainable growth through strategic facility investment and strengthening research and development (R&D) and focused on further solidifying its leadership in the industry.
Samsung is making efforts to contribute to the realization of sustainable daily life for customers with products and services based on innovative technologies. We will communicate with stakeholders, including shareholders, about sustainability management achievements and challenges. – Said Vice Chairman Jong-Hee Han.
Last but not least, Samsung Elec VC Han emphasized “concentration on the essence” and strengthened his resolution for this year’s management. The official said that “the secret to overcoming the crisis in a difficult environment was the truth of focusing on the essence.”
Korea’s Samsung Display and LG Display prep to initiate Apple iPhone 16 Pro display production in the first half. The report states that Apple has reduced the bottom bezel of the display for the upcoming Pro models, which would include the iPhone 16 Pro and 16 Pro Max.
According to TheElec, Samsung Display will commence Apple iPhone 16 display production in the first half itself. While the timeline isn’t clear, it’s expected that LG Display is also striving to begin the mass production of panels for the iPhone 16 Pro lineup.
Samsung reportedly established an organization earlier this month to strengthen its Apple business. It is reported that the Border Reduction Structure (BRS) technology is applied to make the bottom bezel thinner on the iPhone 16 Pro and Pro Max models.
Samsung Display will likely produce OLED panels for all four models, including two Pro models and the other regular and Plus models. Meanwhile, LG Display plans to produce only two models, the iPhone 16 Pro and Pro Max, which require a thin bottom bezel.
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Samsung just trolled Apple over reports of faulty iPhone alarms. The company’s UK account posted the mockery Reels on Instagram, trolling Apple following reports from some iPhone users regarding the alarms problem.
It isn’t the first time Samsung is making fun of its biggest rival. The Korean tech giant doesn’t have sweet relationships with Apple’s iPhone business, as it’s the biggest rival internationally apart from the US leadership.
“Rest assured our alarms GO OFF,” the company writes (via TechRadar) in its latest meme-based Instagram post, adding in the caption: “Samsung users woke up on time today.”
Samsung has a long history of mocking Apple, which is refreshed with the latest incident. While the Instagram post doesn’t clearly mention Apple or iPhone anywhere, the subject of the meme-based post is a no-brainer.
iPhone Alarms Bug
Due to iOS setting issue, iPhone alarms are not working properly, some Apple users report. The iPhone maker acknowledged the issue saying “an issue causing some iPhone alarms to not play as expected.” The best part is the company is preparing a fix, which should be rolled out soon.
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Samsung is back with its exciting Fab Grab Fest sale in India. The company announced striking deals on smartphones, tablets, wearables, accessories, and much more. The sale starts today and Flipkart is already selling the S23 5G and S23 FE at their lowest price yet.
Fab Grab Fest
Samsung consumers in India avail up to 64% off on select models of the Galaxy S series, Galaxy Z series, and Galaxy A series smartphones. Select models of Galaxy tablets, accessories and Galaxy smartwatches will be available at up to 77% off.
As part of the exciting bank offers, customers can experience exceptional savings of up to 22.5% cashback when using HDFC Bank, ICICI Bank, and other leading debit and credit cards, with a maximum cashback of up to INR 25000.
Image: Samsung Newsroom
Smartphones Up to 64% off on MRP Galaxy S24 Ultra, Galaxy S24+, Galaxy S24, Galaxy Z Fold5, Galaxy Z Flip5, Galaxy S23 FE, Galaxy S21 FE, Galaxy A55, Galaxy A35, Galaxy A15
Tablets, Wearables Up to 77% off on MRP Galaxy Tab S9 Series, Galaxy Tab S9 FE+, Galaxy Tab S9 FE, Galaxy Tab A9+, Galaxy Tab A9, Galaxy Buds 2 Pro, Galaxy Watch6 Classic, Galaxy Watch 6, Watch 4 Classic, Galaxy Buds FE, Galaxy Fit 3
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