SoylentNews is people
SoylentNews
Samsung Electronics on Thursday reported an expected 30 percent profit plunge on the back of a highly damaging recall crisis that hammered the reputation of the world's largest smartphone maker. The third quarter earnings were announced just hours before the start of an annual shareholder meeting which was set to approve the latest step in a complex generational change of leadership at the family-run South Korean conglomerate.
Samsung said its operating profit for the July-September period stood at 5.2 trillion won ($4.6 billion), compared with 7.3 trillion won a year ago. The profit slump was in line with a revised earning estimate issued by Samsung two weeks earlier after it killed off its flagship Galaxy Note 7 smartphone due to devices overheating and bursting into flames.
The decision to discontinue production of a model aimed at competing with arch-rival Apple's iPhone was a devastating move for a company that prides itself on the quality production of cutting-edge technology.
Live by the smartphone, die by the smartphone.
(Score: 1, Interesting) by Anonymous Coward on Friday October 28 2016, @02:16PM
if a device has a non-removable battery it is (expensive) junk.
if the device requires a battery present to function even if connected to mains it is
junk (that is, battery is removed but charger is connected will NOT work).
i cannot stop laughing REALLY hard at samsung for selling a 800 dollar phone that
got NUKED because the simple fix of replacing battery wasn't possible HAHAHA!!!