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Samsung's Quaterly Earnings Weren't Affected By The Note 7 Recall - Phones - Nairaland

Nairaland Forum / Science/Technology / Phones / Samsung's Quaterly Earnings Weren't Affected By The Note 7 Recall (221 Views)

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Samsung's Quaterly Earnings Weren't Affected By The Note 7 Recall by francis247(m): 2:45pm On Oct 07, 2016
Samsung might spend as much as $1.8 billion recalling and replacing 2.5 million Galaxy Note 7s, but it still
expects a 5.6 percent operating profit growth for the third quarter. According to the Korean chaebol, its profit will likely reach 7.8 trillion won ($7 billion) for July to September, up 400 billion won from the same period last year and 400 billion more than forecasts predicted. See, despite its Note 7 issues, the company's chip and display business has been doing very well -- it might even be this quarter's top earner, knocking Samsung's mobile division off its perch.
Young Woo Kim, an analyst for SK Securities that's owned by Korean conglomerate SK Group, told AP that Samsung's chip and display business might have generated nearly half of its income. The company is the world's foremost manufacturer of computer chips, after www.thebiginfotoday.blogspot.com

Re: Samsung's Quaterly Earnings Weren't Affected By The Note 7 Recall by francis247(m): 6:21pm On Oct 07, 2016
francis247:
Samsung might spend as much as $1.8 billion recalling and replacing 2.5 million Galaxy Note 7s, but it still
expects a 5.6 percent operating profit growth for the third quarter. According to the Korean chaebol, its profit will likely reach 7.8 trillion won ($7 billion) for July to September, up 400 billion won from the same period last year and 400 billion more than forecasts predicted. See, despite its Note 7 issues, the company's chip and display business has been doing very well -- it might even be this quarter's top earner, knocking Samsung's mobile division off its perch.
Young Woo Kim, an analyst for SK Securities that's owned by Korean conglomerate SK Group, told AP that Samsung's chip and display business might have generated nearly half of its income. The company is the world's foremost manufacturer of computer chips, after www.thebiginfotoday.blogspot.com

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