Samsung’s profits plunged in 2022 due to weak chip and smartphone demand

Samsung has revealed a sharp decline in profit for 2022, mainly due to the weak demand for its chips and smartphones, which are the company’s main moneymakers. The Korean tech giant has posted KRW 302.23 trillion (US$245.4 billion) in annual revenue, which is a new record high for the company, in its latest earnings report. But it has also reported an operating profit of KRW 43.38 trillion (US$35 billion) for all of 2022, down KRW 8.5 trillion (US$6.9 billion) from the year before. 

“The business environment deteriorated significantly in the fourth quarter due to weak demand amid a global economic slowdown,” the company explained. While the tech giant’s Foundry business posted an increase in profit due to customer and application diversification, its semiconductor business performed poorly as a whole. There was weak demand for its chips overall, as customers adjust and reduce their inventory in the face of economic uncertainties. Its chips’ prices also dropped, mostly likely due to a surplus in unsold inventory, contributing to the business’ decline in earnings for the year. 

In the fourth quarter of 2022, Samsung’s semiconductor business earned KRW 20.07 trillion (US$16.3 billion) in consolidated revenue but only KRW 0.27 trillion (US$219 million) in operating profit. For comparison, it posted a consolidated revenue of KRW 26.01 trillion (US$21.6 billion in early 2022’s conversion rates) and an operating profit of KRW 8.84 trillion (US$7.35 billion) for Q4 2021. Samsung is bracing for this downward trend to persist throughout the next few months, though it expects demand for its semiconductors to pick up in the second half of the year. 

Similarly, the demand for smartphones remained weak in the fourth quarter of 2022. Sales for Samsung’s more affordable phones went down, and while flagship sales held up to market expectations, they’re still lower than previous quarters’. The company expects demand for mass market smartphones to weaken even further in 2023 “due to persistent macroeconomic conditions.” But since it also expects demand for premium devices to stay solid, it vows to strengthen “the competitiveness of its premium flagship products.” To note, Samsung will hold its first Unpacked event of 2023 on February 1st where it will most likely unveil its next flagship phone, the Galaxy S23. 

Ford recalls 462,000 SUVs over rearview camera issue

Ford has issued a recall for 462,000 vehicles worldwide over the possibility that their rearview cameras could suffer from faulty video output. According to the Associated Press and Reuters, the recall covers some 2020 to 2023 model Ford Explorers and Lincoln Aviators, as well as a bunch of 2020 to 2022 model Lincoln Corsairs. The affected vehicles come with 360-degree cameras that display live view footage on the in-car entertainment touchscreen console. The majority of the affected cars — over 382,000 — are in the US. 

According to a document (PDF) from the National Highway Traffic Safety Administration (NHTSA), the agency contacted Ford in late 2021 about allegations that the live view camera was showing a blue image instead of what was happening outside. That came after an earlier recall in 2021 for the same problem. Ford worked with suppliers to analyze those reports, but it wasn’t until December 2022 that the automaker was able to replicate the issue in the laboratory and in-vehicle, which is most likely why Ford has only issued a recall now. 

Apparently, 2,115 warranty reports had been submitted about this issue as of November 30th, 2022. Also, the automaker is aware of 17 minor accidents that allegedly occurred due to the vehicles’ rear camera blue screen problem, but it hasn’t heard of any injuries. Reuters said even the vehicles that were recalled in 2021 are part of this recall, so dealers can also update their image processing module software.

Apple reportedly delays development of its own WiFi chips

Apple has “halted the development” of its own WiFi chip that was meant to replace Broadcom’s in its devices “for a while,” according to Ming-Chi Kuo. The notable analyst explained in a Medium post that he’s basing this report on his latest survey of the semiconductor industry’s foundries, equipment, packaging and testing. If you’ll recall, Bloomberg reported earlier this month that the tech giant was working on its own wireless chips meant for devices slated for release in 2025. While Apple has yet to confirm the report, it’s not exactly hard to believe: The tech giant has been taking steps to design and manufacture more in-house components to lessen its reliance on outside companies. 

Kuo said Apple chose to devote most of its resources to developing its next-gen A-series and M-series processors instead. That way, it can ensure that the processors for its iPhones, iPads and MacBooks can enter production over the next couple of years. The analyst also explained that it’s riskier for Apple to use its own WiFi chips at a time when companies are switching their devices over to WiFi 6E. “Broadcom will be the biggest winner” in this situation, he said, since the iPhone 15 is expected to feature the new WiFi standard that allows access to the 6 GHz band.

While it’s unclear if Apple will ever release its own WiFi chip, Bloomberg’s Mark Gurman said the company’s wireless chipset ambition isn’t entirely dead. In Kuo’s Twitter thread about the report, Gurman chimed in and said that the tech giant is still working on a combined WiFi-Bluetooth chip. Gurman previously said that the tech giant is also working on a chip that combines Bluetooth, cellular and WiFi in a single component, but he didn’t say if that one is still under development.

When The Information published a piece last week that said Apple is working on a cheaper mixed-reality headset, one of its sources claimed that the device could use the company’s in-house Bluetooth and WiFi chipset. That would allow Apple to keep costs and the device’s final retail price low, since it wouldn’t have to deal with a third party company’s pricing demands. 

Chrome can now lock Incognito tabs on Android behind biometric authentication

Google is rolling out a feature to Android that will add an extra layer of privacy when you browse websites in Incognito mode. The tech giant has revealed in a blog post (via The Verge) that the ability to lock Chrome Incognito sessions behind biometric authentication on mobile is currently making its way to Android users after debuting on iOS. When this feature is switched on, you will have to verify your identity through face or fingerprint authentication every time you return to an Incognito tab after exiting Chrome or navigating away to another app. 

Locked Incognito sessions first became available on Android in 2022 — over a year after Google started testing it for iPhones and iPads — but as an experimental feature you’d have to activate via a flag. Based on 9to5Google’s experience using it on Android last year, this feature will show you a gray screen with the Incognito logo at the center when you come back to a tab protected by the privacy feature. You’ll then have to tap “Unlock Incognito” to open biometric authentication or choose to verify your identity with your PIN code. 

While the feature isn’t available for us yet, you can check out if you already have access to it by tapping on the three-dot menu at the top right corner of Chrome. Open Settings and then go to Privacy and Security to toggle on “Lock Incognito tabs when you leave Chrome” if you already see it as an option. 

Amazon’s Blink Wired Floodlight Camera is now available for $100

One of Amazon’s home security companies, Blink, unveiled its first wired floodlight camera during the e-commerce giant’s fall event last year. Now, the smart security camera is finally available, and you can get it from Amazon’s website for $100. While most of Blink’s products are small, battery-powered devices, this one connects to your home’s existing outside wiring. Its LED floodlights are also much brighter (2,600 lumens) than the lights (700 lumens) that come with the brand’s older wireless model. 

The camera itself provides 1080p HD live view through the Blink app, as well as two-way audio, which gives you a way to talk to people or call any pets outside your house. Blink says the model features enhanced motion detection aided by Amazon’s AZ2 Neural Edge Processor, and you can choose to get notifications on your phone if it detects any movement. The device also comes with the ability to sound a 105-decibel siren if you ever need it. And, yes, Blink’s wired floodlight camera works with Alexa, allowing you to access its live view and other features with voice commands. 

You can save and share video clips captured by the camera, as well, but it will cost you extra. To do so locally, you’ll need a Blink Sync Module with a USB drive attached, both of which are sold separately. But you can store clips in the cloud instead through the $10-a-month Blink Subscription Plan, which will also give you access to the company’s new person detection feature.

Jail threats stop AI ‘robot lawyer’ from making its debut in court

Joshua Browder, the CEO of New York startup DoNotPay, recently announced that his company’s bot will represent a defendant fighting a traffic ticket in the courtroom on February 22nd. “DoNotPay A.I will whisper in someone’s ear exactly what to say. We will release the results and share more after it happens,” he said. We may never know how the “robot lawyer” will fare in court, though, because a few days later, Browder announced that DoNotPay is postponing its court case after reportedly receiving jail threats from state bar prosecutors if he was to go through with his plan. 

The CEO told NPR that multiple state bar associations had threatened his company, and one even said he could be imprisoned for six months. He told the media organization: “Even if it wouldn’t happen, the threat of criminal charges was enough to give it up. The letters have become so frequent that we thought it was just a distraction and that we should move on.” While the State Bar of California refused to talk about DoNoPay’s situation, it told NPR that it has a duty to investigate potential instances of unauthorized law practice. 

Browder originally created DoNoPay as a free AI-powered chatbot that can help draft letters and fill out forms for various legal matters, including appeals for parking tickets. The company’s “robot lawyer” is said to be powered by several AI text generators, including ChatGPT and DaVinci, that have been tuned to focus on law. A defendant using the technology in court would have worn smart glasses to record the court proceedings, as well as a headset that would give the AI a way to tell them what to say. 

As CBS News said in a previous report, though, the tech isn’t legal in most courtrooms. Also, in some states, all parties must consent to being recorded. DoNotPay looked at 300 cases, but only two were viable candidates. In the end, Browder reversed course and suggested the company will instead fixate on consumer rights issues, specifically lowering medical bills, cancelling subscriptions and disputing credit reports, among others.

On January 24th, Kathryn Tewson took to Twitter to share an in-depth analysis of the platform after attempting to generate a Defamation Demand Letter, Divorce Settlement Agreement and a Sue Anyone in Small Claims Court document. They found the process to be confusing, often finding DoNotPay switched focus on the action they wished to take.

“There is literally nothing AI about this. This is a straight-up plug-and-chug document wizard, and it is not well done at all,” Tewson remarked, adding: “Let me be clear: this is a terrible demand letter. Absolutely terrible. Useless or worse than useless — if an actual attorney saw this, she would instantly know that the sender was unsophisticated, unrepresented, and gullible af.”

NPR said, however, that the CEO is still hoping that artificial intelligence could eventually help people in the courtroom. “The truth is, most people can’t afford lawyers. This could’ve shifted the balance and allowed people to use tools like ChatGPT in the courtroom that maybe could’ve helped them win cases,” he told the organization.

Anker charging accessories are up to 49 percent off in Amazon sale

If you’re looking to buy some accessories for your phone, a bunch of Anker powerbanks, cables and chargers are on sale right now at Amazon. One of the best deals in the list is the Anker Magnetic (MagGo) Battery for the iPhone 12, 13 and 14, which is c…

Microsoft services including Teams, Outlook and Xbox Live go down across the world

Multiple Microsoft 365 services went down for thousands of users around the world, prompting the tech giant to investigate the incident affecting several of its products. In an announcement about the outage posted in the early morning (ET time) of January 25th, the company said users were unable to access its services, including Microsoft Teams, Exchange Online, Outlook, SharePoint Online, OneDrive for Business, Microsoft Graph, PowerBi and Microsoft 365 Admin Center. The tech giant admitted that the outage might not be limited to those products, however, and true enough, over a thousand users also reported having problems with accessing Xbox Live on Down Detector.

In an update to its announcement, Microsoft said it “isolated the problem to a networking configuration issue.” The company added that it had to plan its next troubleshooting steps carefully and analyze “the best mitigation strategy” in order to come up with a solution that wouldn’t cause any additional impact. By 4:26AM ET, Microsoft tweeted that it “rolled back a network change” that it believed was causing the outage and that it was monitoring its services as they start coming back online. 

Tesla will spend $3.6 billion to build a Semi and a battery factory in its Nevada complex

Tesla has big expansion plans for its first Gigafactory near Reno, Nevada. The automaker has announced that it’s investing $3.6 billion to build two new factories in the complex and hire 3,000 additional workers. That’s bigger than the company’s initia…