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Samsung SDI profit increased by 14.6%, thanks to solid EV car sales across world
Recently, Samsung Electronics unveiled its Q4 2021 earnings. And now, South Korean battery maker Samsung SDI has announced a 14.6 percent increase in its net profit in the fourth quarter from a year ago, with solid growth in EV battery sales.
The Net income rose to 391.6 billion won (the US $325.6 million) in the October-December period, compared to a profit of 341.8 billion won a year earlier. The operating profit rose 7.9 percent to 265.7 billion won, while sales rose 17.4 percent to 3.81 trillion won.
According to a Korean media report, the operating profit was 28 percent lower than the average estimate. The solid sales in Energy Storage Systems (ESS) and battery backup, also known as Uninterruptible Power Supplies (UPS), have helped improve the bottom line.
For the whole of 2021, the company booked a net profit of 1.25 trillion won, almost double that of last year. The operating income rose 59 percent last year to a record high of 1.06 trillion won, with annual revenues up 20 percent year-on-year to 13.55 trillion won.
Sector-wise, its battery business, which includes mostly EV batteries, recorded 3.1 trillion won hits in the fourth quarter, up 18.2 percent from a year earlier. Its operating income reached 120.2 billion won, an increase of 2.7 percent over the previous year.
It secured 708.7 billion won sales from electronics materials used in semiconductors and OLED display panels, up 13.9 percent from a year earlier, while operating profit rose 12.6 percent to 145.5 billion won.
The company expects the bottom line to improve further this year as demand for medium to large-size batteries is likely to increase. The small battery sector is also expected to perform better in the first quarter as demand for pouch batteries used in smartphones is high.
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The Galaxy S24 series is a big hit in the Global market. Similarly, consumers in Japan are loving Samsung’s new Galaxy S24 and S24 Ultra. A new report says that the new flagships made a strong debut in the market, entering the Top 3 rank within a month.
NTTDocomo (via ETNews) announced Samsung Galaxy S24 ranked third in sales in Japan last month. Besides, the Galaxy S24 Ultra (512GB) ranked fifth, whereas the 256GB variant ranked tenth. Pay attention, the Galaxy S24 Plus wasn’t launched in the Japanese smartphone market.
Despite having the Japanese phone market seized by Apple and local vendors, Samsung’s achievement is significant. However, it remains to be seen whether the sizzling sales streak continues in the second quarter when full-scale sales are expected.
Apple’s iPhone 14 and iPhone 15 grabbed the first and second spots, respectively. Last year, Apple held the top spot in the Japanese smartphone market with a 51.9% market share, followed by Sharp at 10.9%, and Google at 10.7%. Samsung lagged behind at fourth place with a 6.3% market share.
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Samsung seems to be developing AI-powered atrial fibrillation monitoring for Galaxy Watch 7. A new patent application reveals that the company is working on a feature, which will use artificial intelligence for atrial fibrillation monitoring.
A new patent discloses that Samsung is developing AI-accurate AFib (Atrial Fibrillation) monitoring, probably for the Galaxy Watch 7. The current state of the feature’s development doesn’t authenticate that the Galaxy Watch 7 will be equipped with it.
If the Galaxy Watch 7 misses out on this life-saving feature, Samsung will surely introduce it with future wearables. With the Generative AI integrated, this advanced smartwatch feature could translate photoplethysmograph (PPG) signals into ECG signals for accurate results.
Phonearena’s report highlights that AFib is a very dangerous condition, which causes irregular and rapid heartbeats. As disclosed by the Center for Disease Control and Prevention (CDC) earlier, AFib hospitalizes over 400,000 people in the US yearly.
Apart from this, the Galaxy Watch 7 is expected to be equipped with non-invasive blood glucose monitoring. If the South Korean tech giant manages to gain approval for this feature, it will significantly boost the sales of Galaxy Watch 7 smartwatches.
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Samsung Galaxy Z Fold 6 cover display design appears to be inspired by Galaxy S24 Ultra. Samsung insider posted a video of the alleged Galaxy Z Fold 6 screen glass, showcasing a squarish design with ditched rounded corners.
IceUniverse leaked out the cover screen design of the Samsung Galaxy Z Fold 6 through tempered film. The third-party accessory indicates the S24 Ultra screen design could be seen in Samsung’s next foldable phone.
The tempered film lacks inner rounded corners seen in the previous foldables by Samsung. It means the display visibility area will be increased to reach the squarish form, introducing an enhanced design language.
Bezels surrounding the screen might also go thinner, thanks to generational enhancements. The screen ratio is also getting improved as part of offering a better user experience and making the cover screen even more user-centric.
Samsung Galaxy Z Fold6 exterior screen tempered film reveals exterior screen design. pic.twitter.com/AyQ5OCPTNV
— ICE UNIVERSE (@UniverseIce) May 7, 2024
Samsung is expected to launch the Galaxy Z Fold 6 on July 10 in Paris. The Galaxy Z Flip 6 will also join the launch at Unpacked in July. The company is also developing an Ultra Fold, which hasn’t appeared on benchmarks so far.
The Galaxy Z Fold 6 will be equipped with Snapdragon 8 Gen 3 for Galaxy chip. It’s rumored that the Exynos 2400 chip would be shipped with Galaxy Z Flip 6 in some regions outside the United States.
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