Samsung has started firmware development for the Galaxy Note 8
Apr 21 2017 by Michele Stevens
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.
Baby orca! Last killer whale born at SeaWorld
SeaWorld's chief zoological officer, Chris Dold, described the birth as one of those "extraordinary moments". Tilikum, which sired 14 calves over almost 25 years in Orlando, died of bacterial pneumonia in January .
One police officer killed, another wounded in Paris shooting
Earlier this week, two men were arrested in Marseille whom police said had been planning an attack ahead of the election. He was then shot dead and an anti-terror investigation is under way into the attack in the heart of the French capital.
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.