learningandfinance.com


Science

Samsung has started firmware development for the Galaxy Note 8

Share

Samsung Electronics is headed for its best quarterly profit margin in three years, despite its deputy chairman going on trial over corruption allegations.

The company has been able to push through and their forecast tells us that they're expecting to post a $8.8 billion profit for the first quarter of this year.

Late sales of Samsung's Galaxy S7 and S7 Edge might have gone some way to stemming the Galaxy Note 7's shortfall, but it's Samsung's semiconductor business that's been bringing home the most bacon recently: rising price and demand for DRAM and NAND flash have sent its profits soaring. The average forecast was 9.4 trillion won, and total revenue also rose 0.4% to 50 trillion won. The estimates for Q1 2017 reflect the strength Samsung is exhibiting in the market, despite the absence of flagship smartphones is the previous quarters.

The strong comeback was a result of booming sales of memory chips and flat-panel displays, Samsung said.

Samsung's sales alone make up a fifth of South Korea's GDP, and for many young Korean graduates getting a job in a chaebol is the most desirable outcome after years of toiling through a rigorous education system.

EPA Shuts Down Rumor Chicago Office Is Closing: 'False Information'
Thirteen other families are appealing their relocation offers from the city housing authority or have been given notice to move. Residents of the housing complex in IN were joined by environmental activists as they protested nearby before Pruitt arrived.

Iranian President Rouhani registers to run in May for a second term
This election is crucial for Iran as it is seen as a referendum on the nuclear deal it reached in 2015 with global powers. Iran's election is a complex process that is partially managed and partially reflects the popular will.

Google Home Supports Multi Users Now
There appears to be some sort of training program to teach Google Home your voice print, and from there it's good to go. Earlier this month, a report suggested, that Google Home would soon support multiple users.

It is the group's best quarterly profit in nearly four years.

Samsung launched its new mid-tier phone, aka the Galaxy C7 Pro in India on Friday at a cost of Rs 27,990. Samsung was forced to recall it late a year ago after reports of the device overheating and exploding.

Lee, who was arrested in February, has been charged with paying almost $40 million to the now-impeached president's close friend Choi Soon-Sil, allegedly as bribes to secure policy favors.

Lee's arrest, the first for a Samsung chief even though his father was twice convicted of bribery, sent shockwaves through the company and triggered the announcement of a major reform of its top-down management style.

The Seoul district court is expected to give its ruling in May.

Share