Friday, 28 July, 2017

Samsung fans rejoice, Galaxy Note 8 confirmed

Consumer Product Safety Commission Announces Recall Of Samsung's New Galaxy Note 7 Samsung fans rejoice, Galaxy Note 8 confirmed
Frank Williams | 08 May, 2017, 08:44

As such, Samsung has also reported a revenue of KRW 50.55 trillion, an increase of KRW 0.77 trillion YoY for the quarter.

Samsung, which is the world's top maker of memory chips, smartphones, and televisions, has been going through hard times with its boss, Jay Y. Lee, mired in a political corruption scandal and the financial hit from its fire-prone Galaxy Note 7.

Granted, these mind-blowing results were obtained despite predictably mediocre mobile business performance, but the chaebol's components departments blossomed mainly thanks to surging demand from other smartphone assemblers and vendors.

Samsung Electronics is the world's largest memory chipmaker and second-largest semiconductor company after Intel. It was the biggest quarterly net profit since the third quarter of 2013. The unit's operating margin was 40.3 percent, more than doubling 19.6 percent for Samsung's overall margin.The chip unit's profit was forecast to keep a growth momentum given the rising prices of DRAM and NAND flash memory chips. But, because market competition is expected to intensify in the second half - the company is quite possibly hinting at the next-generation iPhone - the Galaxy S8 and the Galaxy S8+ wouldn't be enough perhaps. The company first put the panels into its own Galaxy handsets, achieved economies of scale and then began selling them to other companies - employing its signature business strategy.

Kim Dong-won, an analyst at KB Securities, said, "Samsung's operating profit in the second quarter is expected to be around 12.5 trillion won, a 54 percent rise year-on-year".

Samsung is still facing some acute headaches.

Kentucky Derby day begins in cold and wet conditions
The track has taken a ton of rain over the last several days and is nearly certain to be rated sloppy at post time . NBC will broadcast the action live, and also stream it on their website , free with a cable subscription.

Despite the solid earnings, the company remains involved in a scandal, with chief Jay Y. Lee now on trial for alleged participation in a corruption case that brought down South Korean President Park Geun-hye.

Q: Can you call the red-tinted screen of the Galaxy S8 a defect?

While Samsung appears to have resolved any lingering battery issues, the launch of the Galaxy S8 hasn't been scot-free.

Apart from its earnings, Samsung announced that after months of review it would not change the company's structure into a holding company. Lee remains in detention by the Korean authorities.

"We are encouraged that Samsung Electronics has agreed to take the bold step of optimising its balance sheet ... even as the company has faced obstacles", Elliot said in a statement.

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