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South Korean tech giant – Samsung has closed its Tizen app store for new and existing users. According to GSM Arena, last year in June, the company closed app registrations and made the store available only to existing users and they could only get previously downloaded apps. Meanwhile, after December 31, 2021, however, Tizen’s App Store has been closed for good. For Samsung Z series smartphone users, GSM Arena suggests upgrading to iOS or Android.
The latest Samsung Z4 phone running Tizen OS was released in 2017.
Samsung Profits Rise As Hopes Rise For Garbage Collection 2022
(Bloomberg) – Samsung Electronics Co.’s quarterly profit climbed more than 50% after chip prices stabilized and smartphone sales increased, boosting hopes that the memory industry will come out of its slump. slowdown this year.
South Korea’s largest company posted operating profit of 13.8 trillion won ($ 11.5 billion) for the three months ended December, estimates missing after handing out special bonuses to employees. But revenues jumped 23 percent better than expected to 76 trillion won. Shares of the company climbed to 2% in morning trading in Seoul.
Samsung and its competitors SK Hynix Inc. and Micron Technology Inc. are weathering a cyclical downturn, aided by server demand as well as a growing line of products, from cars to home devices. Last month, Micron predicted record revenue for fiscal 2022 thanks to resilient demand from data centers, networks and automotive customers.
Investors are also monitoring Samsung’s operations in the central Chinese city of Xi’an, which has been shut down as the government tackles a local outbreak. While it’s unclear how long this situation will persist in the city – also a major production hub for Micron – analysts believe short-term disruptions could dampen supply and increase chip prices. Samsung will deliver net profit and divisional performance when it releases full earnings on January 27.
âMemory prices will rebound in the second quarter if the Xi’an foreclosure continues,â said CW Chung, chief technology officer for Asia at Nomura Financial Investment. âAnd demand for servers is strong, while demand for PCs is better than the market feared. “
What Bloomberg Intelligence says
Samsung’s 1.4 trillion won shortfall in the fourth quarter from consensus may be partly due to a one-time incentive payment and also a foreclosure in Xi’an, where it owns a chip factory. Weaker memory chip prices could also affect its profits in 1Q22. Still, its 23% sales growth in 4Q from a year ago may suggest that positive sales growth may continue in 1Q, coupled with the upcoming launch of the new Galaxy smartphone.
– Masahiro Wakasugi, BI analyst
The foundry business of Samsung, which makes semiconductors for Nvidia Corp., is also increasingly contributing to its bottom line, after the global chip shortage pushed up system chip prices.
Micron reported strong demand for chips used in data centers and industrial machines last month, and also noted that improving the supply of other components is helping PC makers build more machines, taking support memory request. Price drops in the fourth quarter were less dramatic than expected, with DRAM down around 5% and NAND down 3%, according to Hanwha Investment & Securities.
Analysts had predicted that the industry slowdown would persist into the first half of this year with double-digit declines for both memory classes. Sentiment changed after China imposed its Xi’an lockdown, affecting production at local Samsung and Micron facilities. The capacity of Samsung’s plant in Xi’an accounts for about 15% of the global NAND flash output, according to Hana Financial Investment. The company did not completely shut down the plant but adjusted its operations.
“If NAND flash shipments fall 6% in Q1 and 2% in Q2 due to the adjustment in operating rates of the Samsung Xi’an factory, the NAND flash market may not enter. an oversupply situation and is likely to maintain the supply-demand balance for six months, âsaid Claire Kim, analyst at Hana Financial Investment, in a note.