Samsung Earnings Are Rebounding as Flurry of New Biz Tech Appears

Samsung Earnings

One of the stories somewhat lost in the headlines earlier this month, is that of an impressive comeback. After almost two years of lagging performance, Samsung operating profits rose 80 percent during the last quarter over the same time last year.

Reuters reports much of the cause of declining profits was due to losing part of the smartphone market share to Apple.

While the Wall Street Journal attributes, much of the third-quarter increase to the popularity of Samsung computer chips and display screens.

The company has remained optimistic during that time, offering incentives for new customers in order to improve their smartphone market share. And this competitive spirit has brought flurry of new tech useful to the small business market.

For example during the last quarter, Samsung announced two new big screen devices, the Galaxy 6S Edge+ and the Galaxy Note 5 both with useful improvements.

The Galaxy 6S Edge+ has a larger screen than the previous model with a 5.7-inch Quad HD Super AMOLED display and bigger RAM by 1GB at 4GB.

The Galaxy Note 5 also has increased the RAM to 4GB. The screen is the same size, but Samsung claims that making the back of the phone curve makes it more comfortable to hold, more ergonomic.

The Galaxy Note series has featured a pen that allows the user to jot notes in a way reminiscent of writing on paper. And the Galaxy Note 5 has aimed to deliver on a promise to make that pen easier to use.

Some of the drawbacks are the lack of a slot for SD card extra memory and the inability to remove the battery. Other changes include a a new location for the headphone jack at the bottom of the device. There is, however, reportedly a problem with inserting the S-Pen of the Galaxy Note 5 backwards which may cause damage to the device.

Kwon adds: “We continued strengthening core competencies in our technologies and brand power, and launched innovative products based on our advanced technologies.”

Samsung also introduced the SmartThings Hub v2.0. This is the company’s answer to the Internet of Things (IoT). The Hub is the central exchange point that coordinates devices around your household with WiFi and your smartphone.

Small businesses will find this a reasonably priced alternative to professional security systems. These IoT systems can link video through your smart phone, automatically record the video when triggered by disturbances noted by motion sensors, and notify you when fire or water leak sensors detect a problem.

The Hub can connect up to 200 devices, managed by a free SmartThings app. SmartThings offers storage services for the video for $4.99 a month.

Samsung Photo via Shutterstock

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JoAnn McFarland JoAnn McFarland is a Staff Writer for Small Business Trends. She covers breaking news such as new product announcements, government policy, acquisitions and other industry developments. She is a published author and comes from a family-business background.

3 Reactions
  1. Samsung is somehow taking the lead when it comes to Android devices. They are now an alternative to iPhones. I think their Galaxy and Note series are really quite popular.

  2. Samsung provides a powerful push in the smartphone market toward innovation and improvement. They’re keeping Apple honest and they have a very solid business on their displays and chips. They may have lagged for a couple years, but I anticipate they’ll keep moving forward.

  3. I don’t know why they would remove the ability to remove the battery. That’s always been a deal breaker for me personally when it comes to smartphones and tablets, not just because I might need to replace only the battery at some point, but mainly because there have been so many times where I’ve had a device freeze up completely and they only way to fix it was to remove the battery. If I can’t remove the battery, I suppose I would just have to wait for it to die, which would obviously be highly inconvenient.