Online Financial Advice is a blog where you find the latest news in business, and financial domain. Also from here you will learn good tips about managing your money, and new earning possibilities. Online Financial Advice is your daily source of fresh information that you need to become rich.
Samsung - the highest profit in the last three years
In the quarter that Samsung has suffered the most embarrassing moment of withdrawing a product from the market in its history, the largest manufacturer of smartphones worldwide prognaozat also the highest profit in three years, writes WSJ .
South Korean technology giant announced Friday that the expected operating profit in Q4 last year 49.8% higher than in 2015, to 9.2 trillion won (7.76 billion dollars), which would be the largest operating profit in three years. The company's revenue will remain most likely unchanged at 53,000 billion won.
Final official results will be announced this month. Increased earnings projections shows how Samsung has managed to move from a company that was based predominantly on selling smartphones final one that sells products and components that are other devices.
For Samsung, the transition to component comes in a critical time, given that is still struggling with damage caused by the withdrawal from sale of the 2.5 million Galaxy Note phones in July last year. Samsung withdrew from selling phones to two months after launch, amid reports that some devices are on fire.
Samsung officials announced earlier that "bill" for withdrawing Notes 7 will cost at least $ 5 billion. Tim Baxter, a top executive from Samsung, announced this week that Samsung will make public in late why the phone is overheating.