What you’ll want to know
- Samsung launched its quarterly earnings stories this week, and its gadget expertise division reported $2.45 billion in earnings.
- The corporate is projecting “restricted development” for the ultimate quarter of 2024, and is in any other case looking forward to 2025.
- In releases and earnings calls, Samsung teased a number of future initiatives, together with the Galaxy S25 sequence, an XR gadget, and a less expensive folding cellphone.
It’s earnings week, and we’ve already realized quite a bit about Google and Meta from their monetary outcomes. Now, it’s Samsung’s flip, and the South Korean tech large is spilling the beans on its future plans. Other than telling us the way it carried out final quarter, it’s additionally offering just a few semi-cryptic particulars about its 2025 plans.
Samsung is a really giant firm, and a few of its best successes final quarter truly got here from the emergence of HBM DDR5 SSDs and system-on-a-chip (SoC) gross sales. Narrowing issues down a bit, the corporate’s “System eXperience” division, which incorporates telephones and cellular units, recorded an working revenue of roughly $2.45 billion (3.37 trillion South Korean received). It’s projecting “restricted development” for the ultimate quarter of 2024 however has just a few concepts about what income drivers 2025 may maintain.
Particularly, Samsung’s earnings report included the primary official affirmation of the Galaxy S25 sequence, which is able to launch subsequent 12 months.
“Primarily based on the development of Galaxy AI, MX plans to advertise flagship-oriented gross sales development and profitability enchancment resembling Galaxy S25 sequence and foldable, whereas additionally increasing gross sales of ecosystem merchandise resembling Galaxy Tab, E-book and Wearable,” the report said, translated to English.
“The Galaxy S25 sequence, which can be launched within the first half of subsequent 12 months, plans to guide every day innovation by growing the expertise perfection of Galaxy AI and increase gross sales by strengthening advertising and expertise applications.”
Extra importantly, Samsung acknowledged its long-planned prolonged actuality headset, which was initially slated for a 2024 launch. Now, it’s wanting like Samsung’s providing received’t debut till subsequent 12 months.
”By means of the Galaxy Ring launched this 12 months, we plan to contribute to the growth of the Samsung Well being ecosystem and strengthen the connection expertise between our merchandise resembling XR (eXtended Actuality) units scheduled to be launched sooner or later,” the discharge explains.
Samsung continues to view foldables as a development vector for innovation, and it might be altering its tune on whether or not a less expensive foldable can (or ought to) exist. As noticed by Jukanlosreve on X (previously Twitter), Samsung’s feedback on an earnings name appear to counsel it’s warming to the concept of a price range possibility.
”We’re contemplating methods to decrease entry obstacles in order that extra clients can truly expertise foldable merchandise, given the excessive satisfaction amongst present foldable customers,” the corporate stated.
This comes lower than every week after Samsung stated it had “no plans” for a less expensive foldable. We’ll have to attend and see what comes of this, but it surely’s clear that Samsung sees the Galaxy S25 sequence, an XR gadget, and foldables as three key components of its 2025 development technique.
Flip it
The Galaxy Z Flip 6 is without doubt one of the finest foldable telephones you should buy, sporting a strong Snapdragon chip, nice cameras, and a big cowl display screen for notifications, selfies, apps, and extra.
