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 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 19:57 2018 Tuesday ,23 January
Farm-fresh from Kerala to the UAE, in just one day
GMT 15:23 2018 Thursday ,30 August
School bus safety to be enhanced under new transport master planGMT 18:12 2012 Tuesday ,31 January
Panasonic Lumix DMC-ZS20
GMT 07:02 2017 Thursday ,08 June
Goat eats owner's currency notes worth Dh3,500
GMT 21:47 2015 Sunday ,09 August
Ellen Pompeo reflects on Derek Shepherd's death
GMT 06:34 2015 Sunday ,05 April
South Korean rookie Kim Sei
GMT 22:42 2016 Wednesday ,24 February
Pluto's largest moon likely fractured by sub-surface ocean
GMT 04:33 2017 Monday ,09 January
Agut beats Medvedev to win Chennai Open
GMT 18:09 2018 Friday ,12 January
Saleh's nephew, presumed dead, reappears in boost for opponents of Yemen rebels
GMT 20:41 2017 Wednesday ,01 February
Every newcomer aspires to be like Aamir
GMT 09:56 2017 Thursday ,21 December
Sumo champions face pay cuts over assault scandal
GMT 09:06 2016 Saturday ,01 October
Paris luxury hotel must pay after guest molested cleaner
GMT 19:41 2016 Wednesday ,01 June
AMAN agrees to MENA proposal to establish center for economic studies
GMT 16:12 2016 Tuesday ,27 December
BOK: S. Korea's Financial Market Stable Yet Burden Grows
GMT 17:04 2013 Tuesday ,27 August
ŠKODA Rapid StylePLUS
GMT 08:35 2015 Sunday ,20 December
Spanish beauty queen claims crown at Miss World pageant
GMT 17:42 2017 Wednesday ,20 September
Dubai Municipality joins Back to School initiative
GMT 10:37 2017 Saturday ,11 March
Embraer aims for first aviation order from Middle East
GMT 14:04 2016 Saturday ,03 September
Over 700 Chinese companies take part in 2016 IFA consumer electronics fair
GMT 22:39 2015 Friday ,15 May
European rules making cinema 'more irrelevant'
GMT 12:41 2017 Saturday ,04 November
Trump realizes importance of Egypt
GMT 08:15 2017 Wednesday ,17 May
HRH Premier receives Bahrain-Egypt Expo participants
GMT 12:31 2017 Wednesday ,16 August
Yemeni regime forces control areas in Saada province
GMT 10:18 2017 Friday ,02 June
How theatre is bringing young African migrants and Italians together
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