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Search Results for "Note 7 Recall"
Samsung’s Q4 profits may be unaffected by Galaxy Note 7 recall
The Galaxy Note 7 has undoubtedly hurt Samsung, but their fourth-quarter profits may be safe and actually have seen some growth. According to the Korea Times, both IBK Securities and HMC Investing Securities have estimated that Samsung's operating profit will reach 8.7 trillion won in the recent quarter. Other firms, such as Kium Securities and Hyundai […]
- By Salvatore F.
- 7 years ago
Samsung expected to report biggest profits in three years even after Galaxy Note 7’s recall
Samsung saw some grim times after the launch of the Galaxy Note 7 and its subsequent recall, and analysts expected that the company would take a $17 billion hit due to the debacle of its flagship smartphone. However, Samsung has just surprised everyone by announcing that it is expecting a massive increase in its year-on-year […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung India’s mobile revenue up by 27%
As per a report in Economic Times, Samsung India’s mobile revenues have registered a growth of 27% for the financial year ending March 2017. During the year, Samsung India clocked a total revenue of INR 57,000 crore (~$8.9 billion) – an increase of 20% year-on-year. Samsung India’s mobile revenues which account for 60% of the total […]
- By Naresh
- 6 years ago
Analysts expect a slowdown in Samsung’s earnings growth in Q3 2017
Samsung became the world's most profitable tech company in Q2 2017. It posted an operating profit of $12.67 billion for the quarter, a 72.7 percent improvement compared to the same period last year. Revenue clocked in at $54.7 billion for the April-June 2017 period. The company will certainly work hard to ensure that it maintains […]
- By Adnan Farooqui
- 7 years ago
Samsung’s Q2 2017 earnings cement its status as the world’s most profitable tech company
Some people might have thought that Samsung had taken its eye off the ball with everything that happened since last year. There was the spectacular failure of the Galaxy Note 7 and a leadership crisis that landed the conglomerate's heir apparent behind bars in a corruption probe. Despite all of that, the company's earnings guidance […]
- By Adnan Farooqui
- 7 years ago
Samsung expects to post second-best operating profit ever in the first quarter of 2017
Samsung officially released its Q1 2017 earnings guidance today and it's in line with market expectations. Analysts are of the view that Samsung's operating profit this quarter will be close to the record high it hit back in the third quarter of 2013. The company predicts that its Q1 2017 revenue is going to be […]
- By Adnan Farooqui
- 7 years ago
Samsung SDI Note 7 battery compensation talks reportedly stalled
Citing industry sources, a report out of South Korea today claims that the Samsung Group's battery affiliate Samsung SDI has put its Galaxy Note 7 battery compensation plan for sister company Samsung Electronics on hold as the two affiliates have yet to find a middle ground for a settlement. The two companies have still not […]
- By Adnan Farooqui
- 7 years ago
Samsung reveals its strategy to grow smartphone business in 2017
Samsung posted its full Q4 2016 earnings today. Despite taking a hit due to the Galaxy Note 7 recall, the company's IT and Mobile Communications division posted an operating profit of 2.50 trillion won ($2.14 billion) on consolidated revenues of 23.61 trillion won for the final quarter of last year. It says that the fourth […]
- By Adnan Farooqui
- 7 years ago
Samsung Q4 2016 earnings show chip business absorbed impact of the Galaxy Note 7
Samsung Electronics announced its fourth quarter 2016 earnings today. As per the guidance released earlier this month, Samsung expected to post an operating profit of 9.2 trillion won ($7.8 billion) but the actual figure has turned out to be slightly higher than its estimate. Samsung has posted 53.33 trillion won in consolidated revenue for the […]
- By Adnan Farooqui
- 7 years ago
Samsung’s share price surge exceeds Apple’s by 10 percentage points
Samsung's stock price was off to a very good start last year as investors were convinced that the company would continue to see monumental growth in 2016. The stock nosedived following the Galaxy Note 7 recall but the recovery was quick. It's hitting fresh new highs every other day now. Since October 2016, Samsung Electronics' […]
- By Adnan Farooqui
- 7 years ago
Samsung Electronics shares hit another record high
Despite all of the troubles that it has had to put up because of the Galaxy Note 7 over the past few months, investors are still confident in Samsung's business and that confidence is reflected in the performance of the company's stock. Samsung Electronics shares have hit a fresh record high of 1.86 million won […]
- By Adnan Farooqui
- 7 years ago
Samsung Electronics Q4 2016 earnings expected to beat forecast
Despite the fact that the financial impact of the Galaxy Note 7's failure will be evident in Samsung Electronics Q4 earnings, analysts are of the view that the Samsung Group's crown jewel is going to report earnings that beat market forecast for the final quarter of 2016. Data compiled by industry tracker FnGuide shows that […]
- By Adnan Farooqui
- 7 years ago
Samsung will cut bonuses for mobile division employees
The Galaxy Note 7 could have done wonders for Samsung's fortunes but it has ended up costing the company billions of dollars. While heads are yet to roll at the company's mobile division, Samsung has reportedly decided to cut bonuses for its mobile division employees. Since bonuses are tied to the division's annual profits and […]
- By Adnan Farooqui
- 7 years ago
Samsung’s automotive goals lead to new MLCC factory opening in China
Samsung Group reported strong Q2 2020 results at an earnings call earlier today, in part thanks to improved profits recorded by the component solution division, Samsung Electro-Mechanics, particularly in the camera and 5G chip sectors. Interestingly enough, the recent earnings call also highlighted the tech giant's ambitions to have a deeper involvement with the automotive […]
- By Mihai Matei
- 4 years ago
BTS fans shatter Samsung’s all-time Twitter records
No one can deny the power of the K-Pop phenomenon – not even the world's leading manufacturer of smartphones, TVs, and many other types of consumer electronics. It's been almost a full decade since Samsung Mobile joined Twitter, but a couple of weeks is all it took for K-Pop fans to completely overshadow everything else […]
- By Dominik Bosnjak
- 4 years ago
