Samsung Sees Q3 Profit Boost Despite Smartphone Woes

Samsung Electronics Co Ltd on Wednesday said it would post its first quarterly profit gain in two years, beating expectations as strong sales of chips and displays probably offset weakness in its smartphone division.

The South Korean tech giant estimated its July-September operating profit would leap 79.8 percent from a year earlier to SKW 7.3 trillion (roughly Rs. 41,099 crores), compared with a SKW 6.7 trillion profit tipped by a Thomson Reuters SmartEstimate poll of 30 analysts.

While analysts attributed much of the earnings surprise to the weaker won, Samsung’s shares were on track for their biggest daily percentage gain in nearly 4 years in midday trade as investors saw an end to successive quarters of declining earnings.

“There were worries that overall earnings will continue falling as mobile profits declined, but now the numbers make the case that Samsung has the capacity to withstand weakness from the mobile business,” IBK Securities analyst Lee Seung-woo said.

The weaker won added about SKW 300 billion to operating profit, while cost-cutting and improved smartphone inventory management also probably helped, Dongbu Securities analyst Yoo Eui-hyung said.

The world’s No.1 maker of smartphones and memory chips guided for a 7.5 percent revenue increase for the third quarter, in line with expectations. It gave no further details about its performance, and will disclose full results in late October.

Samsung shares were up 6.3 percent as of 0239 GMT, outperforming a 0.5 percent gain for the broader market.

Its semiconductor division is expected to have remained the top earner for the fifth straight quarter, analysts said. Display earnings meanwhile are believed to have been boosted by rising sales to external clients such as Huawei Technologies Co Ltd, they added.

The won’s depreciation helped as well, with the average exchange rate against the dollar falling 12 percent in the third quarter from a year earlier, according to Bank of Korea data.

Though smartphone earnings likely improved from a year earlier on the back of new lower-end models and the August launch of the premium Galaxy Note 5, the firm has yet to win back market share from Apple Inc in the premium segment or its Chinese rivals in the lower end of the market despite revamping its product lineup, according to research firms.

Fourth quarter operating profit would probably ease sequentially due to higher smartphone marketing bills ahead of the year-end holidays, HDC Asset Management fund manager Park Jung-hoon said.

Samsung Galaxy S7 to Sport Qualcomm Snapdragon 820 SoC in Some Markets

Samsung Electronics will use Qualcomm mobile processors for some of its upcoming flagship Galaxy S smartphones, South Korea’s Electronic Times reported on Friday citing unnamed industry sources.

The paper said Samsung will use Qualcomm’s Snapdragon 820 chips for the Galaxy S7 phones, which is expected to launch early next year and which will be sold in the United States and China. Galaxy S7 phones sold in other markets will be powered by Samsung’s own Exynos processors, the paper said.

A Samsung spokeswoman said the firm does not comment on rumours or speculation. Qualcommcould not be immediately reached for comment.

The South Korean firm used only its Exynos processors for the flagship Galaxy S6 (Review | Pictures),Galaxy S6 Edge (Review | Pictures) smartphones this year, dealing a major blow to the US chipmaker. But Samsung said earlier this year that it could opt to use Qualcomm chips in the future.

Samsung has previously sourced mobile processors from both Qualcomm and through its own chips division for its premium devices including its Galaxy S and Galaxy Note series

For the Galaxy S6 Edge+ and Galaxy Note 5, launched in August, Samsung once again went ahead with its own Exynos processors instead of Qualcomm’s Snapdragon 810 SoC. Exactly like the Galaxy S6 and Galaxy S6 Edge, the duo is powered by a 64-bit octa-core Exynos 7420 SoC with four Cortex-A57 cores clocked at 2.1GHz, and four Cortex-A53 cores clocked at 1.5GHz, coupled with 4GB of LPDDR4 RAM.

Samsung Galaxy S7 ‘Mongoose’ Processor Appears In Benchmarks

Samsung Galaxy S7

There have been rumors that the new Samsung Galaxy S7 will come with two different processor, aSamsung Exynos 8990 in some countries and a Qualcomm Snapdragon 820 in other countries.

Now a new Samsung Exynos processor with the code name Mongoose or M1 has appeared in some benchmarks and it is possible that this is the new Exynos 8990 that will be used in the Samsung Galaxy S7.

This new Samsung processors recently appeared in some benchmarks that were posted on Weibo and the processor appears to have some very impressive performance.

The Exynos M1 processor had a clock speed of 2.3GHz and performance for a single core benchmark was 2,294 points ans 6,908 points for multi-core.

It was also listed in a power saving mode, the scores for this mode were also impressive, 1,710 in single core and 4,896 in multi-core.

As yet there is no confirmation of this new processor is the new Exynos 8990 that Samsung will use in their new Samsung Galaxy S7 smartphone, which is rumored to launch early next year.

Samsung are expected to launch two different versions of the handset, one with a curved display, other other with a flat display, like the Galaxy S6 and S6 Edge.

As soon as we get some more details about the handset and what other specifications it will come with, we will let you guys know.

Samsung Galaxy A9 Accessories Lands in India for Testing Purposes

galaxy-a7-511

Samsung is reportedly working on yet another mid-range offering, the Galaxy A9, which was also spotted on benchmarking website lately.

Not too long ago, some accessories of the alleged Galaxy A9 with model number SM-A9000 have landed in India for testing and evaluation purposes.

Accessories include cover glass, the SIM tray, and the main board. This hints that Samsung Galaxy A9 is already in works, but it may take a little bit of time before the handset is officially available in the market. It may take a few months as Samsung recently launched the Galaxy A8 so it won’t be a sound move to launch its successor so early.

Details about the specifications of the alleged device are still scarce, but rumors suggest that Samsung Galaxy A9 will be equipped with a Qualcomm Snapdragon 620 processor paired with 2GB of RAM and is expected to ship with Android 5.1.1 Lollipop as its operating system.

We’ll update you if we hear anything more about the alleged Samsung Galaxy A9, including its pricing and availability details.

Samsung Galaxy View Tablet Specs Revealed By Benchmarks

Samsung Galaxy View

We previously heard some details about a new tablet from Samsung, the Samsung Galaxy View and now it looks like the devices specifications have been revealed in the GFXBench benchmarks.

According to Evan Blass, the Samsung Galaxy View will come with the model number SM-T670, some of the specifications for this new Android tablet have been revealed by the GFXBench.

The tablet is listed with an 18.5 inch display with a resolution of 1920 x 1080 pixels and the device is powered by an octa core Samsung Exynos 7 processor and comes with 2GB of RAM.

galaxy view

Other specifications listed ion the benchmarks include a 2 megapixel front facing camera and 32GB of included storage, the device is also listed with Android 5.1.1. Lollipop.

It is not clear as yet on when this new Android tablet from Samsung will launch, the company teased the device a while back and we suspect it should land before the end of the year.

As soon as we get some more information about the new Galaxy View tablet from Samsung, we will let you guys know.

Samsung Galaxy Active Neo With Corning Gorilla Glass 4 Launched

Samsung has launched a new budget smartphone in Japan, the Galaxy Active Neo. The rugged handset would be hitting the shelves through local carrier NTT DoCoMo in early November priced at JPY 20,000 (roughly Rs. 10,800). The smartphone for now is limited to Japan and there’s no word on its availability outside the country.

The Samsung Galaxy Active Neo is an Android 5.1 Lollipop smartphone featuring a 4.5-inch WVGA (480×800 pixels) resolution display covered with Corning Gorilla Glass 4. It is powered by a 64-bit quad-core Qualcomm Snapdragon 410 processor clocked at 1.2GHz, clubbed with Adreno 306 GPU and 2GB of RAM.

Samsung Galaxy Active Neo houses an 8-megapixel rear camera and a 2-megapixel front-facing camera on board. Also included is a 16GB inbuilt storage, which can by further expanded via a microSD card slot (up to 128GB). Users would also be receiving 100GB of OneDrive cloud storage for 2 years as well. The Galaxy Active Neo features regular set of wireless connectivity options including 4G LTE, Wi-Fi, Bluetooth 4.1, and NFC.

samsung_galaxy_active_neo_white.jpgSince the smartphone falls under Samsung’s ‘Active’ line up, it is IP68 certified, which makes it dust and water-resistant. The budget device is also MIL-STD-810G certified, making it humidity, vibration, solar radiation, transport and thermal shock resistant. It would be able to take 2 tons of weight and withstand a drop from 1.5metres as well. The smartphone will be available in Camo White and Solid Black colour variants.

(Also see:  Samsung Galaxy Active Neo vs. Samsung Galaxy Core Prime VE)

Measuring 133x70x10.1mm, the Samsung Galaxy Active Neo weighs 154 grams. A 2200mAh battery backs the handset. In addition, a ‘Battery-conserving Mode’ can be activated using a dedicated button on the left side bezel of the smartphone. Samsung last month also launched its low-powered Galaxy J1 Ace in India priced at Rs. 6,300.

 

Samsung Galaxy Active Neo

Samsung Galaxy Active Neo

Display

4.50-inch

Processor

1.2GHz

Front Camera

2-megapixel

Resolution

480×800 pixels

RAM

2GB

OS

Android 5.1

Storage

16GB

Rear Camera

8-megapixel

Battery capacity

2200mAh

Galaxy S6 And S6 Edge On AT&T Get Android 5.1.1 Lollipop Update

S6 Edge

Owners of the Samsung Galaxy S6 and Galaxy S6 Edge handset on AT&T will be pleased to know that AT&T has now released the Android 5.1.1 Lollipop update for the handset.

The Android 5.1.1 Lollipop update brings a range of new features to the Galaxy S6 and S6 Edge and it will also enable Samsung Pay, which launches in the US later today.

The Android 5.1.1 Lollipop update is around 670 MB in size and the update include a number of performance enhancements and bug fixes.

You can check to see if the update is available for your S6 or S6 Edge from the settings menu, if you receive the update, leave a comment below and let us know.

Also let us know if Samsung’s new mobile payment system, Samsung Pay is enabled with the update, this should be available some time later today.

Samsung Galaxy Tab E Lands On Verizon

galaxy tab e

The Samsung Galaxy Tab E was announced back in June and now US mobile carrier Verizon Wireless has the tablet available on their network.

The company is selling the tablet off contract for $329.99, it is also available on a two year contract for $129.99 and on their 24 month payment plan for $13.74 a month.

As a reminder the Galaxy Tab E comes with a 9.6 inch display that features a resolution of 1200 x 800 pixels, the device is powered by a 1.3GHz quad core processor.

Other specifications on the Samsung Galaxy Tab E include 1.5GB of RAM, 8GB of built in storage and a microSD card slot for expansion.

The tablet features WiFi, Bluetooth and 4G LTE, it also comes with a 5000 mAh battery and front and rear facing cameras. The front camera on the tablet is a 2 megapixel camera and the rear camera is a 5 megapixel version.

You can find out more information about the Galaxy Tab E over at Verizon Wireless at the link below.

New Samsung Gear VR Announced, Coming Soon For $99

Samsung Gear VR

Samsung and Oculus have announced the first consumer version of the Samsung Gear VR and the company has said that the new version is 22 percent lighter than the previous Innovator Edition.

The new Samsung Gear VR is compatible with Samsung’s latest smartphones which include the Galaxy Note 5, The Galaxy S6, Galaxy S6 Edge and S6 Edge+.

Samsung Gear VR

“Samsung has been at the forefront of delivering mobile experiences and ‘Gear VR Innovator Edition’ launched last year was no exception,” said JK Shin, CEO and President of IT & Mobile Division, Samsung Electronics. “We see virtual reality as the next computing platform, and we are thrilled to partner with Oculus on Gear VR to set the standard for mobile VR and bring this revolutionary product to consumers.”

“Together with Samsung, we’ve redefined virtual reality and created the best mobile VR experience available today,” said Brendan Iribe, CEO, Oculus. “On Gear VR, people are playing immersive VR games with friends, sharing 360 video experiences, and teleporting around the world with photos and videos – and it’s only the beginning for what’s possible with mobile VR.”

The company has  said that their new Samsung Gear VR device will launch this fall and it will retail for $99, it will be available in one color, Frost White, you can find out more details at the link below.

Samsung Galaxy S7 Release Date Could be Early February

Samsung Galaxy S7

We have been hearing more and more rumors about the new Samsung Galaxy S7 over the last week and now it would appear that we may have some details on a possible release date for the handset.

According to a recent report, Samsung will launch their new Galaxy S7 smartphone in early February, we had expected to the device to launch in March.

The news comes from SK Securities which has said that Samsung intends to launch the handset earlier than normal.

We recently heard that there would be two versions of the handset like the S6, the Samsung Galaxy S7 and Galaxy S7 Edge. There are also expected to be two different processor versions of the handset for different regions.

Samsung are expected to use both the new Qualcomm Snapdragon 820 processor and also their new Exynos 8990 processor in the new Galaxy S7 devices.

So far these are the only details we know about Samsung’s latest flagship smartphone, as soon as we get some more information, we will let you guys know.