Earlier today, Samsung announced its earnings for Q3 2022 and appointed Lee Jae-yong as its Executive Chairman. During its earnings announcement, the company revealed that its smartphone division did well in terms of business. Amid the slump in the smartphone market, the company’s high-end phones, including Galaxy S22, Galaxy Z Flip 4, and the Galaxy Z Fold 4, had good sales performance.
In fact, the company went on record to say that the Galaxy S22 series brought in significantly more revenue than the Galaxy S21 series did in 2021. However, that doesn’t necessarily mean that the company sold substantially more units of the Galaxy S22 than the Galaxy S21. It could mean that people bought more higher-end versions, including the Galaxy S22+ and the Galaxy S22 Ultra.
The inclusion of the Snapdragon 8 Gen 1 processor in more markets could have had a positive impact on Galaxy S22 sales. For instance, the company usually launches Exynos versions of its flagship phones in India and South Korea. But this year, the company launched the Snapdragon variant of the Galaxy S22 in those countries, leading to better sales.
The company also improved its software update policy this year. With the launch of the Galaxy S22 series, Samsung announced that it would offer up to four major Android OS updates to all its high-end phones and some mid-range devices. All these factors could’ve contributed to better revenue from the Galaxy S22 series.
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