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Businesses Technology

Samsung Proves Its Business Remains Sound Despite Note 7 Fiasco (bloomberg.com) 49

Samsung underscored the resilience of its business when it reported its best operating profit in three years, weathering the death of its fire-prone Galaxy Note 7 with the help of its workmanlike chip and display divisions and cheaper smartphones. From a report on Bloomberg: The world's largest maker of mobile devices posted a 50 percent surge in quarterly operating profit after demand from Chinese smartphone brands pushed up memory chip prices and buoyed the unit that makes organic light-emitting diode screens. Samsung also touched up an older phone line-up with new colors and features, helping tide it over in the Note 7's absence. Samsung is emerging from its biggest corporate crisis, when reports of incendiary Note 7s forced the Korean company to kill its most profitable gadget. It still hasn't revealed the results of a subsequent investigation into an episode that cost Samsung more than $6 billion and assured Apple of the lead in premium devices over the holidays. It's now counting on its next marquee phone to repair its reputation. "Despite the Note 7's vacuum, Samsung acquitted itself well on the back of sound S7 sales," said Lee Seung-woo, an analyst with IBK Securities Co. in Seoul. "After a softer landing in the first quarter, Samsung is on track for record June quarter profit with the new S8 coming to market."
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Samsung Proves Its Business Remains Sound Despite Note 7 Fiasco

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  • by Anonymous Coward

    But I will never buy anything from them again and will recommend against Samsung to anyone that asks.

    It not only the Note fiasco, it's the way they treat android and updates. Either provide vanilla android, on time, or move to something else.

    • by GuB-42 ( 2483988 )

      Provide vanilla android and compete with Chinese manufacturers selling similar speced phones for half the price. I don't see it happen.
      Samsung don't sell Android devices, they sell Samsung devices. They want to keep their brand identity and I think it is a good thing.
      First, Samsung introduced plenty of useful features, a lot of useless ones too. Some of the good ones ended up in vanilla Android, that's a win for everyone else.
      Second, it helps keeping Google in check. Because Samsung is not vanilla Android,

    • by thegarbz ( 1787294 ) on Friday January 06, 2017 @06:02PM (#53619987)

      So you recommend against Samsung for a reason that would disqualify every other Android as well.

      Thankyou for your thoughtful and insightful post. We are all better for it.

    • I'll never buy from them again. Their products are rubbish. Their tv at Boxing day was the same price as a no name brand. I opted for no name over Samsung.
  • Mine hasn't exploded yet so I have that going for me I guess.
  • by ls671 ( 1122017 ) on Friday January 06, 2017 @02:52PM (#53618661) Homepage

    Damn, Samsung is so hot!

  • Samsung is a gigantic company with its hand in hundreds of products. The unfortunately Note 7 incident won't be enough to sink the entire company. They're so diverse that even a non-Samsung brand phone may have Samsung parts. And some of their products like their SSD have been outright stellar compared to the competition for performance and value. So yes a small bump in the road for the Samsung bus, not a house swallowing sinkhole.

    • by rtb61 ( 674572 )

      So will the next note have an end user replaceable battery or are they going to gamble another $6 billion to save maybe $50 million in battery costs (nothing to do with design and everything to do with cheaper batteries and designed product failure to ensure replacement). PS Samung calling people who prefer user removable batteries fanboys just makes Samung a bunch of fuckwit marketing dickheads https://www.sammobile.com/2016... [sammobile.com].

  • We are talking about a company that sells explosive products. Samsung's handsets are the hottest ones in the market, and are sure to sear the competition. The public is already burning with anticipation for the next bang from Samsung. This is a company on fire.
  • Most phones are downgrades, no sd card slot, no headphone jack, no removable battery. I can't see ever buying a samsung again, when dozens of other vendors are offering uncrippled phones for less money. Samsung just isnt worth it.

    • by DarenN ( 411219 )

      Er, what?

      S7 has an SD card slot and a headphone jack. The battery is not removable but it is a good sized battery that lasts well. The phone is also waterproof and sturdy, feels solid (if a little slippy) and performs very well. Perhaps you were thinking of the S6 (which had a diabolical battery and no SD card slot)?

  • They sell devices that spy on people. SO many customers to pay for that, and those customers pay in ways SO much more valuable than currency. Duh.

  • Thermal runaway is now instantaneous! that way no witnesses will be left behind.

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