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Galaxy Note 7

Samsung tips record Q4 operating profit of more than $14 bn

Seoul - Al Maghrib Today

South Korean telecom giant Samsung Electronics expects to post a record operating profit of more than $14 billion in the fourth quarter, it said Tuesday, boosted by huge demand for its memory chips. The booming chip unit has helped the firm overcome a bribery scandal that saw its de facto head jailed and the embarrassing Galaxy Note 7 debacle.Read more

Samsung Electronics expects record-high Q2 profits

Seoul - Al Maghrib Today

Samsung Electronics expects profits to soar 72 percent in the second quarter to a record high, it said Friday, as it moves on from a recall debacle thanks to rising memory chip prices and increased demand for smartphones. The South Korean tech giant estimated its operating profit for April-June at 14 trillion won ($12.1 billion), up from 8.14 trillion wonRead more

Samsung posts biggest quarterly net profit since 2013

Seoul - Arab Today

South Korean tech giant Samsung Electronics posted its biggest quarterly net profit for more than three years Thursday after shrugging off the debacle over exploding Galaxy Note 7 batteries. The results, driven by strong demand for the company's memory chips, represented its second-largest ever quarterly profit. Shares in the firm -- the flagship subsidiary of the sprawling Samsung Group --Read more

Samsung Electronics expects Q1 profits to jump

Seoul - Arab Today

Embattled Samsung Electronics said Friday it expects profits to jump by half in the first quarter, despite a smartphone recall fiasco and the arrest of its de facto head. The forecast will come as welcome news to the South Korean giant after a torrid period in which it had to ditch its flagship Galaxy Note 7 after several battery fires.Read more

Samsung faces 'biggest test'

New York - ArabToday

The world's biggest smartphone maker Samsung will unveil its latest flagship, the Galaxy S8, on Wednesday in New York as it seeks to move on from last year's humiliating recall crisis. Samsung Electronics was forced to discontinue the Galaxy Note 7, originally intended to compete with Apple's iPhone, after a chaotic recall that saw replacement devices also catching fire. TheRead more

Samsung plans to sell refurbished Galaxy Note 7s

Seoul - Arab Today

Tech giant Samsung Electronics said late on Monday that it plans to sell refurbished versions of the Galaxy Note 7 smartphones, the model pulled from markets last year due to fire-prone batteries. Samsung's Note 7s were permanently scrapped in October following a global recall, roughly two months from the launch of the near-$900 devices, after some phones self-combusted. A subsequentRead more

Samsung posts third-biggest quarterly profit in Q4

Seoul - Xinhua

Samsung Electronics posted the third-biggest operating profit in the company's history thanks to brisk sales in semiconductors, a regulatory filing showed on Tuesday. Consolidated operating profit reached 9.22 trillion won (7.92 billion U.S. dollars) in the October-December quarter, up 3.08 percent from a year earlier. It marked Samsung's third-biggest profit, following 10.16 trillion won tallied in the third quarter ofRead more

Uncertainty remains over Samsung's wish to restore consumer trust after Note 7 debacle

Seoul - Xinhua

Samsung Electronics announced its independent investigation result on Monday over its fiery Galaxy Note 7 smartphones, but uncertainties remain about its wish to restore consumer trust following one of the largest debacles in tech history. Samsung held a special press conference in its headquarters in Seoul, saying faulty batteries were the root cause of Note 7s catching fire or evenRead more

Samsung probe 'finds faulty batteries triggered fires'

Seoul - AFP

A Samsung probe into the exploding batteries that forced the electronics giant to scrap its Galaxy Note 7 smartphones has found irregularly sized batteries caused overheating, the Wall Street Journal reported Friday. The South Korean conglomerate was forced to discontinue its flagship Note 7 after a chaotic recall that saw replacement phones also catching fire, with the debacle costing theRead more

S. Korea court rejects arrest warrant for Samsung heir

Seoul - AFP

A South Korean court on Thursday refused to authorise the arrest of the heir to the Samsung business empire, in a setback to prosecutors probing a corruption scandal engulfing President Park Geun-Hye. Officials on Monday sought the arrest of Lee Jae-Yong on charges of bribery, embezzlement and perjury, sending shock waves through the group, which is a major part ofRead more