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Samsung faces biggest profit drop in a decade Samsung faces biggest profit drop in a decade

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Samsung faces biggest profit drop in a decade

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Samsung Electronics’ earnings have fallen the most in a decade as the largest South Korean company struggles with weak demand for memory chips, smartphones and displays, and consumers cut holiday spending amid soaring interest rates and inflation, Bloomberg reports.

Samsung’s operating profit fell 69% to $3.4 billion in the most recent quarter, although analysts had expected earnings in the region of $5.3 billion. According to the company, sales have fallen to $55 billion. Samsung is scheduled to release a full financial statement with net income and divisional results on January 31st.

Samsung faces biggest profit drop in a decade

After ramping up production to record levels to meet the surge in demand in the era of the pandemic, chipmakers have had to slash new production costs and cut costs to deal with the situation.

Memory chip manufacturers, including Micron Technology Inc. , said they do not expect a recovery until the second half of this year, and have slashed budgets for new equipment and factories, and cut spending. Micron also warned it would be difficult to return to profitability this year, announcing a 10% reduction in staff as well as further cuts in capital expenditures. Hynix has said it will halve its capital investment by 2023.

Samsung has previously said it has no plans to cut production anytime soon. Since then, however, the fall in memory chip prices has accelerated as competition intensifies.

“The decline in demand in Q4 was more than expected as customers adjusted inventory in an attempt to cut financial costs even further,” Samsung said in a statement. The company confirmed the strong decline in memory prices and added that “smartphone sales and revenue declined due to weak demand driven by prolonged macroeconomic challenges.”

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Laptops

A laptop with a 16-inch OLED 4K screen and weighing only 1.17 kg. Acer Legendary Edge introduced in Japan

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A laptop with a 16 inch OLED 4K screen and weighing

Acer has launched the notable Legendary Edge laptop in the Japanese market. Its peculiarity is in a thin body, the minimum weight for the class and the presence of an OLED screen. Moreover, the display resolution is 4K. The aspect ratio of the screen is 16:10, the maximum brightness is 500 cd/sq.m.

A laptop with a 16-inch OLED 4K screen and weighing only 1.17 kg.  Acer Legendary Edge introduced in Japan

In general, Acer Legendary Edge has been sold in China since last year, but in the version for Japan it has a different processor – instead of the “Chinese” Ryzen 7 6800U, Ryzen 7 Pro 6850U is installed. Otherwise, there are no changes in the hardware platform: the laptop is endowed with 16 GB of LPDDR5-6400 RAM and a 512 GB PCIe 4.0 SSD. Moreover, there are two slots for SSD in the laptop.

A laptop with a 16-inch OLED 4K screen and weighing only 1.17 kg.  Acer Legendary Edge introduced in Japan

Acer Legendary Edge is made in the body of magnesium alloy and aluminum, the thickness of the device is 12.95 mm, weight – 1.17 kg. Interestingly, the same mass is attributed to the base Samsung Galaxy Book3 Ultra – also 16-inch and also with an OLED screen, but with much more powerful components.

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Components

34 inches, 144Hz, 3440 x 1440 pixels for $235. Xiaomi Mi 144Hz Curved Gaming Monitor drops in price in China

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34 inches 144Hz 3440 x 1440 pixels for 235 Xiaomi

In China, the cost of the elderly, but still relevant Xiaomi Mi 144Hz Curved Gaming Monitor has dropped to a minimum: you can buy it on the JD.com site for the equivalent of $ 235.

34 inches, 144Hz, 3440 x 1440 pixels for $235.  Xiaomi Mi 144Hz Curved Gaming Monitor drops in price in China

Xiaomi Mi 144Hz Curved Gaming Monitor is equipped with a curved (radius of curvature – 1.5 m) VA panel with a resolution of 3440 x 1440 pixels and a frame rate of 144 Hz when connected via DisplayPort. The panel of the device provides coverage of 121% of the sRGB color space and 85% of NTSC. The maximum brightness is 300 cd / sq.m., AMD Freesync frame rate synchronization technology is supported.

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Phones

Why overpay for smartphones with 5G? On the example of the Samsung Galaxy A14, you can see that we are talking about a huge difference in performance.

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Why overpay for smartphones with 5G On the example of

The Samsung Galaxy A14 5G smartphone was introduced at the beginning of the month, but the company is preparing a more affordable version with 4G support. And today we have all the main characteristics of this model and images.

Why overpay for smartphones with 5G?  On the example of the Samsung Galaxy A14, you can see that we are talking about a huge difference in performance.

The design of the younger version will be the same, except that instead of brown it will be silver. Many characteristics will also not change, although there will still be differences.

The main thing, of course, is the platform. Instead of the latest Exynos 1330, MediaTek Helio G80 is used. Compared to the Exynos 850 in the Galaxy A13 4G, this is certainly a very significant improvement. For comparison, the Exynos 850 scores about 145,000 points in AnTuTu 9, while the Helio G80 scores 230,000 points. True, the same Exynos 1330 is gaining more than 410,000 points, so the difference between the A14 4G and 5G versions in performance is enormous.

The screen of the Galaxy A14 4G will retain the size of 6.6 inches, Full HD + resolution, but there will be no increased frame rate, like the A14 5G. The battery with a capacity of 5000 mAh, the main 50-megapixel camera, 4 GB of RAM, 64 GB of flash memory will also remain, but charging will be only 10-watt. But the smartphone will receive stereo speakers.

The novelty will be released at the end of March. In Eastern Europe, they will ask for 200 euros for it.

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