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 - Arab Today
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
- Saturday ,20 October GMT 20:22 2018 Huawei unveils Mate 20 Pro with fingerprint sensor under the screen
GMT 20:22 2018 Saturday ,20 October
Huawei unveils Mate 20 Pro with fingerprint sensor under the screenGMT 02:44 2017 Friday ,21 April
Samsung's S8, S8 plus models to be launched soon in OmanGMT 13:21 2017 Tuesday ,28 March
Samsung plans to sell refurbished Galaxy Note 7sGMT 13:31 2017 Thursday ,16 March
Samsung's new S8 said to adopt facial recognition for paymentsGMT 11:14 2017 Monday ,27 February
Samsung delays its new phone, and showcases tablets instead
Economic conference on investment opportunities in Syria kicks off
Bucharest - SANA
With the participation of 120 representatives of Romanian companies, Chambers of Commerce and industry, An economic conference on “Reconstruction in Syria between the development of economic steadfastness and the opportunities ofRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launched from the Baikonur CosmodromeLiverpool, Manchester City seek neighbours' help in title chase
London - DPA
Liverpool and Manchester City will be looking for a little help from their not-so-friendly neighbours this weekend. The Premier League front-runners face each other's local rivals when City host Everton and Liverpool take on Manchester United. Liverpool jumped above City at theBlue light in smartphones linked to blindness and some cancers
Spain - DPA
Ever since we have started to become chained to our smartphones and tablets, people have been saying that the waves coming off these devices must be bad for us. So often laughed off as conspiracy theorists, it now looks more and moreFestive Fashion by Dubai-based designer ASMARAÏA
Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
GMT 20:26 2017 Thursday ,03 August
Not so jolly hockey sticks for North Korean sports
GMT 04:38 2017 Tuesday ,14 February
Dubai Chamber launches ‘Dubai-Opoly’ to promote Dubai as global hub
GMT 06:49 2017 Wednesday ,15 March
Hawaii sues over Trump’s revised travel ban
GMT 18:03 2017 Wednesday ,21 June
Egyptian actor Hamdy Al Merghani happy for positive reactions to “La La Land”
GMT 12:10 2017 Friday ,21 April
French security forces fully mobilised to protect elections after Paris shooting
GMT 09:31 2017 Friday ,17 November
UAE and Senegal sign MoU on entry-visa exemption
GMT 20:05 2017 Thursday ,15 June
Hamas and Israel could face another war
GMT 19:24 2017 Thursday ,13 April
Saudi Shoura eyes taxes on tobacco products
GMT 06:37 2017 Friday ,22 September
Facebook to give Russian ads to Congress, boost transparency
GMT 17:07 2017 Sunday ,24 September
NBA, NFL hit back after Trump tirade
GMT 11:25 2017 Wednesday ,10 May
Iraq and oil states will extend production cuts
GMT 09:15 2017 Tuesday ,28 February
Harassment complaint at prior job ends road
GMT 17:07 2017 Wednesday ,22 March
A Japan-based writer gives his take ahead of World Cup qualifier
GMT 04:21 2017 Sunday ,16 July
Community Jameel takes Saudi orphans on UAE tour
GMT 06:50 2016 Sunday ,21 August
Chinese women golfers make history, men far behind world class
GMT 14:53 2017 Friday ,20 October
Alonso signs new deal in boost
GMT 12:34 2017 Wednesday ,11 October
Houthi militias control Dabwa Camp in Yemen’s Dalea
GMT 16:09 2017 Saturday ,22 July
Bennington and Chris Cornell: friends united in tragedy
GMT 08:39 2017 Monday ,27 November
Egypt's Sufis reeling but defiant after mosque massacre
GMT 15:42 2018 Saturday ,20 October
Marathon in Damascus to raise awareness about breast cancer early detection
GMT 08:58 2018 Monday ,22 January
Turkey stifles anti-Syria operation protests after Erdogan warning
GMT 09:02 2018 Sunday ,21 January
Ibrahim meets Environment Minister, Bangladesh Ambassador
GMT 04:59 2018 Thursday ,11 January
France urges more German investment to boost EU
GMT 13:00 2018 Sunday ,07 January
Annual Exchange of Nuclear Installations between Pakistan and India
GMT 00:12 2017 Saturday ,14 January
The incredible story of a globe-trotter
GMT 19:35 2017 Wednesday ,26 April
Lebanese Security Detains 2 for Affiliation with ISIS
GMT 19:20 2017 Friday ,08 December
Swimming event programme confirmed
GMT 04:58 2017 Saturday ,30 September
All foreign flights to Iraq Kurd capital to stop Friday
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