Samsung sees further $3 bn profit hit from Note 7 crisis
Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost
Washington - Emirates Voice
Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact.
The profit warning came two days after the South Korean electronics giant slashed its operating profit for the third quarter by $2.3 billion.
After a recall problem with the large-sized Galaxy Note 7 turned into a full-blown crisis, Samsung announced earlier this week that it was scrapping the model entirely -- a devastating move for a company that prides itself on the quality production of cutting-edge technology.
On top of the third-quarter loss, Samsung said the drop in sales arising from the decision to discontinue the Note 7 would continue to impact profit margins in October-March -- including the crucial holiday buying season.
It estimated an operating profit loss in the fourth quarter at around the "mid-2 trillion ($2.2 billion) won range" and 1.0 trillion won for the first quarter of 2017
Source: NNA
GMT 20:35 2018 Tuesday ,23 January
Will Apple's iPhone X get binned around mid-2018?GMT 11:43 2018 Thursday ,18 January
Apple facing slew of Russian lawsuits over slow iPhonesGMT 10:19 2018 Tuesday ,16 January
Le smartphone? France has another term in mindGMT 15:26 2018 Saturday ,13 January
iGA launches Government Directory mobile appGMT 15:06 2018 Tuesday ,09 January
Apple urged to study iPhone addictionGMT 13:36 2018 Tuesday ,09 January
Why online shopping sales are less on mobile appsGMT 22:22 2018 Friday ,05 January
Apple to issue fix for iPhones, Macs at risk from 'Spectre' chip flawGMT 14:17 2018 Friday ,05 January
No VAT on pre-paid recharge cards from Etisalat
- Friday ,05 January GMT 22:22 2018 Apple to issue fix for iPhones, Macs at risk from 'Spectre' chip flaw
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 10:31 2014 Tuesday ,23 December
Mirages of failure: Lebanon cannot wait
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 16:17 2018 Thursday ,30 August
Five Saudi women pilots granted GACA licences
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 05:09 2024 Tuesday ,06 February
The Saudi-led Arab Coalition Forces have targeted a meeting of Houthi commanders in Beit Al Faqih, Hodeidah, killing scores of the
GMT 17:19 2017 Wednesday ,18 October
UAE assumes Vice-Presidency of Indian Ocean Rim AssociationGMT 12:07 2011 Friday ,25 November
Jamie Oliver says healthy school food standards \'eroded\'GMT 01:13 2012 Wednesday ,30 May
Google launching new Chromebooks
GMT 19:09 2016 Saturday ,30 January
Stronger Central Europe can partake in policy-making within EU
GMT 07:41 2012 Friday ,17 February
Will olive oil do?
GMT 06:49 2017 Thursday ,20 July
Singer Youssra is preoccupied in summer
GMT 12:10 2013 Monday ,23 December
Lamborghini Gallardo vs Audy R8 V10
GMT 09:45 2018 Friday ,19 January
Rising Yemen currency sparks hope of relief for millions
GMT 08:34 2016 Monday ,22 August
'Un-Islamic' cultural heritage in jihadists' crosshairs
GMT 06:55 2017 Saturday ,16 December
Dow, S&P 500, Nasdaq end at records as US tax cut plan advances
GMT 08:46 2017 Sunday ,12 November
Priyanka Chopra's name removed
GMT 12:56 2013 Friday ,13 September
Charlie Sheen explains Selma Blair\'s departure from sitcom
GMT 18:27 2014 Thursday ,06 March
Egypt football player suspended for \'Sisi\' signGMT 17:38 2013 Tuesday ,26 March
South Sudan sends oil delegates
GMT 19:04 2014 Saturday ,13 September
Central bank of Jordan, PMA sign bank control deal
GMT 15:09 2015 Tuesday ,07 July
Tonya-Nancy ice drama hits New York stage as rock operaGMT 17:08 2011 Thursday ,15 December
Men\'s weightlifting Hamza Jomni wins silver medal
GMT 18:50 2014 Friday ,28 March
Overseas attacks on Chinese cyberspace risingGMT 08:02 2011 Monday ,25 July
Air Vanuatu sacks chief executive
GMT 18:59 2014 Wednesday ,01 October
Yvette Brown to depart season 6 of 'Community'
GMT 16:34 2013 Tuesday ,03 September
Facebook page guidelines updated for promotions
GMT 13:53 2013 Saturday ,29 June
Lorenzo set for Dutch MotoGP despite surgery
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor