Samsung acquires two cloud security international standard certifications

In an official newsroom post, Samsung announced that it has acquired two international standard certifications for cloud security: ISO 27001 and ISO 27017. Getting these two cloud security certifications also proves the company’s “world-class information protection and system operation capabilities.” The ISO 27001 certification (Information Security Management System) and the ISO 27017 certification (Cloud Service […]

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Samsung won’t be buying OLED panels from China’s BOE this year

Samsung has been buying OLED and LCD panels from China’s BOE for a few years now. These panels are used in smartphones and TVs. However, it looks like the company won’t be buying display panels from BOE next year. According to a list obtained by TheElec, Samsung has removed BOE from its official suppliers’ list, […]

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Strike at iPhone factory could give Samsung the advantage before holiday season

While the demand for iPhone 14 Pro is through the roof, Apple recently revealed during its Q3 2022 earnings call that there could be supply chain issues during the holiday season. Now, the company is facing even more problems as there have been reports of massive strikes at one of the factories where the iPhone […]

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Wild rumor claims Samsung’s Exynos 2300 has a special core for One UI optimization

It has been widely reported that Samsung has ditched the Exynos 2300 in favor of the Snapdragon 8 Gen 2 for the Galaxy S23. However, there has been no official word from either Samsung or Qualcomm about the Snapdragon’s exclusivity. Some reports also claim that the Galaxy S23 will use a higher-clocked version of the […]

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Is Samsung-AMD GPU collab for Exynos chips in danger?

Last year, AMD and Samsung announced that they’ve co-developed an RDNA2-based GPU for Exynos chipsets. And the first chipset with such a GPU is the Exynos 2200, which debuted earlier this year with the Galaxy S22 series. However, the AMD-Samsung collaboration might be in danger, and we might not see AMD GPUs inside Exynos chipsets […]

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Samsung aiming to ship 270 million smartphones in 2023

Last week, Samsung revealed its Q3 2022 earnings. In its press release, the South Korean firm hinted towards the weak smartphone market for the near future, and it looks like the situation won’t improve much even next year. So, the company has reduced its sales target. According to a new report from South Korea, Samsung […]

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Samsung’s quarterly profit declined in Q3 2022, first time in three years

After choosing Lee Jae-yong as its Executive Chairman, Samsung Electronics announced its earnings for Q3 2022. Earlier this month, the company revealed that its operating profit is expected to decline. Now, the company has reported its full earnings, revealing its first operating profit decline in three years. Although Samsung Electronics’ revenue was up by 4% […]

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Lee Jae-yong becomes Executive Chairman of Samsung Electronics

Samsung has just announced that Lee Jae-yong has been appointed as Samsung Electronics’ Executive Chairman. The board approved the appointment after the recommendation by current board chairman Kim Han-jo. The post had been vacant for the past two years since the death of former Chairman Lee Kun-hee. Samsung Group’s board said that the company needs […]

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Google reportedly focusing on its own hardware as Samsung declines in key markets

Over the past couple of years, Google has significantly improved its hardware efforts. Apart from smartphones, the company has also unveiled high-end wireless earbuds, smart speakers, a smartwatch, a tablet, media streaming sticks, and even Wi-Fi routers. And it looks like Google is doing this because it’s afraid of Apple’s grip on the market and […]

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Samsung expects its Q3 2022 profit to drop by 31.7%, its first profit drop in three years

Samsung Electronics announced its Q3 2022 preliminary earnings guidance today. The South Korean firm expects its consolidated revenue to be around KRW 76 trillion (around $) and its operating profit to be approximately KRW 10.8 trillion (around $). Although the company’s revenue has increased by 2.73%, its operating profit has declined by 31.7% year-over-year. This […]

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Samsung drops to fourth place in Indian smartphone market during Q2 2022

Samsung’s market share is slipping away in India and several other Asian countries. According to the latest data from market research firm IDC, Samsung dropped to fourth place in the Indian smartphone market last quarter as Vivo jumped to the third spot. The latest market analysis from IDC reveals that Samsung shipped just 5.9 million […]

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BREAKING: Samsung scaling down smartphone production due to weak sales

The consumer spending spree witnessed after the COVID-19 pandemic lockdowns appears to be over now. Financial experts around the world forecast a global recession, and the smartphone market has started to brace for the economic downturn. Even Samsung seems to have scaled back smartphone production. Although Samsung claimed that it expects smartphone sales to stay […]

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Despite slowing smartphone sales, Samsung achieves its best ever Q2 profit since 2018

After revealing its earnings guidance a few days ago, Samsung announced its earnings for Q2 2022 earlier today. The company said that its revenue was KRW 77.2 trillion (around $59.1 billion), its best ever for second-quarter figures. The South Korean firm’s revenue was a 21% improvement compared to Q2 2021. The company’s Q2 2022 profit […]

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Samsung says it’s ready with next-gen Galaxy Z phones after 10 million foldables were shipped last year

Samsung announced today that over 10 million foldable smartphones were shipped last year, which is a 300% growth compared to 2020. Most of them were Samsung’s Galaxy Z series devices. Now, the company says that it’s ready to unveil its next-generation foldable phones. TM Roh, President of Samsung MX, said, “Three years ago, Samsung Galaxy […]

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Samsung is still number one in worldwide smartphone shipments

Amid the slowdown in the smartphone market, Samsung maintained its leadership position, according to the latest numbers. Market research firm Canalys revealed that Samsung was the world’s biggest smartphone brand in shipments during Q2 2022. Samsung managed to ship nearly 60 million smartphone units in Q2 2022 and captured a 21% share of the global […]

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Samsung’s Q1 2022 profit jumps 51%, thanks to strong chip and smartphone sales

Earlier this month, Samsung had posted its revenue estimates for Q1 2022. Today, the company published actual earnings for the first quarter of the year, and the results have been nothing short of amazing. The company’s revenue rose 18%, while the operating profit jumped 51% compared to Q1 2021. Samsung revealed that its revenue during […]

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Samsung likely to post 50% higher operating profit for Q1 2022

Samsung announced its Q1 2022 earnings estimates earlier today. Thanks to solid gains through semiconductor chip and smartphone sales, the South Korean tech giant expects to post its highest Q1 earnings since 2018. In its earnings guidance, the company said that it expects its revenue to reach up to KRW 78 trillion (around $64 billion) […]

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