Samsung Electronics Announces Second Quarter 2020 Results

Samsung Electronics reported today KRW 52.97 trillion in consolidated revenue and KRW 8.15 trillion in operating profit for the second quarter ended June 30, 2020.   Even as the spread of COVID-19 caused closures and slowdowns at stores and production sites around the world, the Company responded to challenges through its extensive global supply chain, while minimizing the impact of the pandemic by strengthening online sales channels and optimizing costs.   Quarterly operating profit rose 26 percent from the previous quarter and 23 percent from a year earlier, thanks to…

Read More

Samsung & Niio Art Unveil Winning Artwork to be Exhibited Globally on The Wall

Samsung Electronics today announced the winner of its open call competition in collaboration with Niio, a premium platform for new media art. The competition was open for entries from January 30 to March 30 under the theme ‘Digital Realism’ to show digital arts moving beyond the limits of artistic expression using the innovative display technology of The Wall. Among 494 artwork submissions from 59 countries, the judging panel consisting of professional art consultants and Samsung representatives revealed the winner as Dev Harlan. The Brooklyn-based artist who specializes in sculpture, installation…

Read More

Samsung Delivers Studio-Quality Sound with New Premium Headphones from AKG

London, UK – 24th July, 2020 – Samsung Electronics UK Ltd. has today launched a new line-up of first-class wireless AKG headphones, the Y600NC and Y400.   Equipped with AKG’s signature studio-quality sound, users can discover smooth, multidimensional tones and exceptional detail that’s deep in bass and rich in mid-range. From audio experts to music enthusiasts, the new series of AKG headphones are optimised for a wide range of audiences and promise an incomparable listening experience that ignites creative expression.   “We’re proud to unveil a new pair of headphones which…

Read More

Samsung, BSI, Bundesdruckerei and Telekom Security Partner to Bring National ID to Your Smartphone

Today, Samsung Electronics, the German Federal Office for Information Security (BSI), Bundesdruckerei (bdr) and Deutsche Telekom Security GmbH announced Germany’s National electronic ID will be available on selected Samsung Galaxy smartphones when the eID solution becomes available later this year. As part of a long-term collaboration with an alliance of German government bodies to deliver upon its eGovernment initiative, Samsung partnered with the BSI, bdr and Telekom Security to develop a hardware-based security architecture that allows citizens to securely store their National ID on their smartphone as an eID. Once…

Read More

Introducing Galaxy Z Flip 5G: Express Yourself With a Stylish, 5G-Enabled Foldable Smartphone

Today, Samsung Electronics introduced the Galaxy Z Flip 5G, a device that pairs the statement-making smartphone with the lightning-fast speeds of 5G to continue inspiring all-new mobile experiences.1 With 5G networks expanding across the globe, people are now experiencing the impact 5G can have on the mobile experience, helping them share more, play more, and do more, faster.     “At Samsung, we continue to put the power of 5G in millions of consumers’ hands. We continually demonstrate our commitment to make 5G more accessible to more people,” said Dr. TM…

Read More

Samsung Introduces New Premium Soundbar Line-up

Samsung Electronics has rounded out its full 2020 Q-series soundbar line-up with the release of two new premium models including HW-Q950T and HW-Q900T.   The HW-Q950T delivers the audio quality of 9.1.4-channel, the maximum number of channels for currently available home-theater systems in a single soundbar. The model packs in extra-powerful sound with two wireless rear up-firing speakers and also adds left and right wide channel speakers to the previous 7.1.4-channel system, allowing the audio output to express the motion on the screen in a more realistic way with greater…

Read More

Apple Music Time-synced Lyrics Launches on Samsung Smart TVs Starting Today

Samsung Electronics announced that Apple Music on Samsung Smart TVs will now feature and display millions of real-time synced lyrics that animate along with the music beginning today. Available on 2018 to 2020 Samsung Smart TV models, Apple Music time-synced lyrics make it easier and more fun than ever for users to sing or rap their hearts out to their favorite songs – or to discover the words of the latest hits.   Earlier this year, Samsung was the first TV brand to integrate Apple Music on its Smart TV…

Read More

Samsung Introduces Fully Virtualized 5G RAN for Commercial Availability

Samsung Electronics today announced the company’s new carrier-grade, fully-virtualized 5G Radio Access Network (vRAN) solution, which will be commercially available this quarter. The solution provides a new option for mobile operators seeking improved efficiencies, cost savings, and management benefits from deploying a software-based 5G radio infrastructure.   Samsung’s 5G vRAN consists of a virtualized Central Unit (vCU), a virtualized Distributed Unit (vDU), and a wide range of radio units to enable a smooth migration to 5G. By replacing the dedicated baseband hardware used in a traditional RAN architecture with software elements…

Read More

Samsung Electronics Announces Earnings Guidance for 2Q 2020

Samsung Electronics today announced its earnings guidance for the second quarter of 2020.   Consolidated Sales: Approximately 52 trillion Korean won Consolidated Operating Profit: Approximately 8.1 trillion Korean won   The above estimates are based on K-IFRS. Please note that Korean disclosure regulations do not allow earnings estimates to be offered as a range. To comply with such regulations, the above figures represent the median of the estimate ranges provided below.   Sales: 51 ~ 53 trillion Korean won Operating Profit: 8.0 ~ 8.2 trillion Korean won   Note: The…

Read More

Samsung Electronics Debuts Industry-Leading 8TB Consumer SSD, the 870 QVO

Samsung Electronics today introduced its second-generation quad-level cell (QLC) flash drive, the 870 QVO SATA SSD, that is setting a new standard for high-capacity consumer storage. Featuring an industry-leading capacity of up to eight terabytes (TB),1 the new SSD delivers an uncompromising mix of speed, storage capacity and reliability for mainstream and professional PC users.   In the past, consumers have had to choose between SSDs – which provide superior performance – and HDDs, which traditionally offer greater capacity. Samsung’s 870 QVO SSD, however, is able to reliably offer the…

Read More