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 05:56 2017 Thursday ,16 November
Siemens layoff plan promises showdown
GMT 09:08 2015 Monday ,30 November
Shanghai volatile after slump
GMT 09:53 2016 Tuesday ,03 May
Chinese animation festival sees record transactions
GMT 04:38 2015 Saturday ,18 July
All Blacks still well off World Cup pace
GMT 13:21 2014 Sunday ,28 December
Abras prove a hit with Global Village visitors
GMT 23:54 2016 Wednesday ,23 November
Israeli forces arrest 16 Palestinians in different areas of West BankGMT 23:36 2012 Saturday ,26 May
N Korea\'s West coast affected by severe drought
GMT 06:40 2015 Sunday ,26 April
Heritage conservation school, University Paris 8 seal agreement
GMT 10:37 2013 Tuesday ,31 December
Pussy Riot member wants Putin out
GMT 10:54 2018 Thursday ,04 January
Djokovic to test elbow injury in Melbourne
GMT 14:09 2017 Wednesday ,20 September
Messi hits four as Barca maintain perfect start
GMT 06:30 2017 Tuesday ,28 November
Sudan and Russian sign nuclear agreement
GMT 21:40 2016 Monday ,02 May
Actor Wael Nour dies at age 55
GMT 06:39 2016 Sunday ,18 December
Icy weather hits north-eastern US as more heavy snow expected
GMT 08:42 2017 Sunday ,10 December
Galadari Trucks and Heavy Equipment,Komatsu joinGMT 07:46 2012 Friday ,24 February
Bobbi Kristina\'s problems \'out of control\'GMT 08:11 2011 Saturday ,01 October
Ancient copper sword discovered in E. ChinaGMT 17:42 2011 Tuesday ,12 July
Transplant patient\'s joy on seeing new legsGMT 12:47 2011 Sunday ,31 July
Strong earthquake jolts northeast Japan
GMT 09:56 2015 Monday ,06 July
It’s a historic performance
GMT 12:21 2016 Saturday ,27 February
New bank another BRICS
GMT 03:37 2015 Saturday ,11 July
Morale 'good' at Orica
GMT 19:23 2017 Tuesday ,23 May
7 killed, 35 hurt in horrific Dubai bus-truck collision
GMT 12:13 2016 Sunday ,24 January
6 militants killed, 10 injured in northern Afghan province
GMT 08:24 2015 Saturday ,17 October
Character will be needed to beat Scots
GMT 13:58 2014 Thursday ,03 April
FAB Design introduces SpidronGMT 12:57 2013 Thursday ,14 February
Concerns for Palestinian prisoners
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