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Samsung wearable market share declined in North America in Q2 2020
Samsung launched the Galaxy Watch 3 last month which is very impressive. However, the company’s market share in the smartwatch has been dropping. The company’s market share dropped in Q2 2020 compared to the previous year in North America.
READ MORE: Here’s the list of eligible Samsung devices that will get the One UI 3.0/Android 11
According to the report of market analysis firm Canalys, Samsung wearable’s market share dropped from 10.6% in Q2 2019 to 5% in Q2 2020.
The report claimed that Samsung shipped only 0.4 million smartwatch and activity trackers during the Q2 2020, which is 48% below. Apple shipped the highest 3.2 million Apple Watches, with 37.6% of market share.
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Google shipped 1.6 million Fitbit wearable devices in Q2 2020 with a market share of 19.3%. Its market share dropped by 12%.
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Galaxy S24 and S23 series are seemingly One UI 7 Beta phase I devices in the US. Samsung could release the Beta Program after two weeks. But recently, Samsung published One UI 7 Beta forums on the US community for the Galaxy S24 and S23 series.
It has been discovered that Samsung has published the One UI 7 Beta forum for the Galaxy S24 and S23 series in the US. It’s a big development, hinting at the imminent Beta Program launch for the corresponding models in phase I.
Recently, tipster IceUniverse revealed that the Beta may take two more weeks before release. It seems Samsung has entered the final phase of testing. The company may finish testing Beta 1 of Galaxy S25 by mid-November.
The Galaxy S24 series will be the first to get One UI 7 Beta this year. Meanwhile, we could see a swift expansion, covering select older flagships such as the Galaxy S23 series. Recent foldable models would also enjoy the Beta experience.
Publishing a Beta forum isn’t a quite new development by Samsung. The company publishes respective landing pages on the community every year. The forums will keep Beta participants aware of the latest news and updates.
Recently, we revealed the possibility of One UI 7 Beta debut after November 21. Samsung will hold SDC24 Korea on the 21st, where it could also announce the Beta Program release or drop some good news about the same.
After Beta testing this year, the final version will be introduced early next year. The new software will debut alongside the Galaxy S25 series. We expect the flagship launch in January and the One UI 7 rollout to start in February next year.
Samsung announced its Q3 2024 earnings with consolidated sales of 79.1 trillion won ($57.2 billion) and an operating profit of 9.18 trillion won ($6.6 billion), down by 1.26 trillion won from the previous quarter.
The MX (Mobile) Division saw a 13% improvement from the previous quarter given the launch of new Galaxy phones. The DS (semiconductor) division grew 3% from the previous quarter due to an increase in high-end memory sales.
The Korean tech giant also revealed that sales increased by 7% QoQ, achieving record-high quarterly sales. Gross profit reached 30 trillion won, slightly up from the previous quarter due to the expansion of flagship sales in MX.
Samsung continued its active R&D investments, recording an all-time high of 8.87 trillion won in quarterly R&D expenses. DS Division’s one-time expenses were larger than the gap between Samsung’s operating profit and market consensus.
Key Details:
- Memory Business: Profits decreased due to a reduction in inventory evaluation recovery, one-time expenses like incentive provisioning, and currency impacts from a weaker dollar.
- System LSI: Sales increased through maximizing revenue and minimizing inventory, although performance declined due to increased one-time expenses.
- DX Division posted sales of 44.99 trillion won and an operating profit of 3.37 trillion won.
- VD posted increased sales and profit from both the previous quarter and the same period last year.
- Home appliances improved performance year-over-year.
Galaxy S25 Series
Apart from earnings results, Samsung confirmed the Galaxy S25 series will launch in the first half of next year. The company vowed to introduce an enhanced Galaxy AI experience for consumers to elevate their everyday tasks.
Official: Samsung Galaxy S25 to redefine everyday AI with bold new features
For the first time, Samsung officially discussed the Galaxy S25 series. Today, the company announced its earnings results for the third quarter. Samsung also revealed that the Galaxy S25 series will enhance Galaxy AI with bold new features.
Samsung says the Galaxy S25 series will be released in the first half of next year with an enhanced Galaxy AI experience. The launch timeframe should be January 2025, but we would get genuine information by the end of the year.
Galaxy AI has proven a big hit this year, and Samsung is planning further enhancements to the Galaxy S25 series. We expect new features with deeper integration across the operating system in the Galaxy AI next year.
Samsung aims to enhance the Galaxy AI experience to drive innovation in everyday life and expand sales by strengthening marketing and experience programs. The next upgrade to Galaxy AI will create a wide gap with its Apple counterpart.
Given Galaxy AI advancement, the MX Division would pursue sales growth and profitability improvement centered on flagships. This includes the latest S25 series and foldable phones as well as Galaxy Tab, Galaxy Book, and Galaxy Buds/Watch.
Samsung’s mobile business will continue to maintain solid sales of its AI smartphones. Expect various sales promotions during the holiday season, which would push annual flagship sales growth to double digits.
MX Earnings in Q3
The MX and Networks businesses posted KRW 30.52 trillion in consolidated revenue and KRW 2.82 trillion in operating profit in 3Q24.
Overall market demand for smartphones grew modestly as the residual effects of global inflation slowed the recovery in consumer spending.