Arthur T Knackerbracket has found the following story:
The financial impact of the Note7 recall seems to be largely behind Samsung Electronics, which on Friday forecast that its profit has grown year-on-year by close to 50 percent in the fourth quarter.
A major proportion of the profit of the largest smartphone company is expected to come from components such as memory chips and display panels, rather than from smartphones, according to analysts, a shift that was noticed in the third quarter as well. "They were fortunate that their memory and displays businesses could offset the doom and gloom resulting from the Note7 debacle last quarter," said Bryan Ma, vice president for devices research at IDC.
Samsung said in its earnings guidance released Friday that its profit in the fourth quarter is expected to be 9.2 trillion Korean won ($7.6 billion), up from 6.14 trillion won in the same quarter last year. Revenue for the quarter is expected to be around 53 trillion won, which is about the same as in the fourth quarter of the previous year.
(Score: -1, Troll) by Anonymous Coward on Monday January 09 2017, @01:25AM
Niggers will buy anything as long as welfare will pay for it.
(Score: -1, Troll) by Anonymous Coward on Monday January 09 2017, @01:51AM
Day like dat Apple Gold shell foam doe.
(Score: 1) by mattTheOne on Monday January 09 2017, @03:39AM
I'm surprised they're making money, all of their business is in commodity markets, TVs, phones, memory. These things are all just appliances with no differentiating features. When I buy a TV or phone , I don't care if its Samsung or LG or Seiki. Same with my DRAM, as long as it matches specs I 'll take it and the lowest bidder wins.
There's no innovation here, but maybe they've innovated on how to make things cheaply without hurting their margins.
(Score: 3, Informative) by Aiwendil on Monday January 09 2017, @09:26AM
Ehm, samsung electronics is also the semi-conductor arm of samsung - which is one of the largest OEMs/parts-mfg in the world (arm-cpus, ram, sd-cards, optical drives, led/tft/lcd screens, batteries and so on), and it also is their home appliances arm (dishwashers, microwaves, air-air heatexchangers and so on)...
And that in addition to its most visible role as the arm in consumer electronics (smartphones, tablets, TVs, boxee and so on).
Given just how big a player it is as an OEM, parts supplier, budget component supplier and high end supplier you'd have to be _very_ proactive to not buy samsung products.
Bought an iphone 6? 75% chance the cpu was made by samsung. Bought an ipad? you just bought a samsung screen..