Thursday, 21 September, 2017

Bumper profits, new phone and its chief on trial — Samsung's insane day

Some researchers forecast the S8 which sports the largest screens for Samsung high-end smartphones to date to set a new first-year sales record Some researchers forecast the S8 which sports the largest screens for Samsung high-end smartphones to date to set a new first-year sales record
Theresa Hayes | 21 April, 2017, 19:20

Others said that with the Note 7 game, the Samsung Galaxy S8 Plus felt like a good replacement.

LG said its January-March operating profit was $812.62 million and the highest since the second quarter of 2009.

The good news for Samsung comes even in the wake of the explosive Galaxy Note 7 handsets and a political bribery and corruption scandal which is now on-going in South Korea.

In this March 24, 2017 photo, a woman walks past a logo of Samsung Electronics in Seoul, South Korea.

Samsung's plans to refurbish the Galaxy Note 7 for emerging markets will seemingly come with a major advantage over the original model... beyond the whole not catching fire thing. At the time, it was denied, but as we would later find out that the plan to resurrect the Galaxy Note7 was, in fact, real.

While some companies have been struggling financially for quite a bit now, Samsung has been able to hold strong over the last couple of years. Samsung Group's de facto leader appeared in court on Friday after his arrest seven weeks ago on charges including bribery, embezzlement, perjury, diverting assets overseas and concealing gains from a criminal act.

If the global chip business continues to post robust performances, Samsung's annual operating profit may hover far above 40 trillion won this year coupled with smartphone sales, they added.

Prosecutors believe the 48-year-old billionaire and his aides used Samsung corporate funds to bribe former President Park Geun-hye and her close confidante in exchange for supporting a smooth leadership transition at Samsung.

Samsung will deliver the official results later this month.

Industry officials said the Galaxy S8 could break the previous preorder record set by the Galaxy Note 7, though the preorder period for the S8 is two days shorter than that of the Note 7. The estimates for Q1 2017 reflect the strength Samsung is exhibiting in the market, despite the absence of flagship smartphones is the previous quarters.