Galaxy Note 7 recall dents Samsung quarterly earning; Q2 profit down 17%
Samsung Electronics reported a sharp fall in its quarterly earnings on Thursday as the unprecedented recall and discontinuation of the Galaxy Note 7 smartphones wiped out its mobile profit.
Oct 27, 2016, 12:27 PM IST
Samsung sees further $3 billion profit hit from Galaxy Note 7 crisis
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.
Oct 14, 2016, 06:51 AM IST
Samsung halts production, global sales of Note 7
Samsung today suspended all production of its Galaxy Note 7 smartphone, halted sales worldwide and told customers to stop using the device, following reports that replacements for combustible models were also catching fire.
Oct 11, 2016, 15:25 PM IST
Samsung Electronics posts 8% fall in Q2 net profit
South Korean giant Samsung Electronics posted an 8.0 percent fall in second quarter net profit on Thursday and promised "flexible" pricing of its new flagship smartphone after less than stellar sales contributed to a slump in its mobile unit's earnings.
Jul 30, 2015, 22:17 PM IST
Samsung posts $5.9 bn operating profit in Q2
Revenue slid 7.29 percent from a year earlier to 48.54 trillion won in the quarter, and net income fell 7.97 percent to 5.75 trillion won.
Jul 30, 2015, 08:29 AM IST
Samsung Electronics flags 4.2% drop in Q2 profit
In an earnings estimate, the giant South Korean smartphone and memory-chip maker predicted operating profit of around 6.9 trillion won ($6.1 billion) for the April-June period, down 4.2 percent from a year earlier.
Jul 07, 2015, 08:28 AM IST
Samsung Electronics flags 30.5% drop in Q1 profit
Samsung Electronics on Tuesday flagged better-than-expected profits for the first quarter, with rising demand for memory chips helping offset slumping smartphone sales.
Apr 07, 2015, 08:48 AM IST
Samsung mobile executives to leave after profit slide
Three deputies to the head of Samsung Electronics Co Ltd`s mobile division are leaving, a person with knowledge of the matter said on Thursday, as the world`s largest smartphone maker faces a rapid decline in profit.
Dec 04, 2014, 10:12 AM IST
Samsung`s Q3 profit plunges to near three-year low
The third-quarter performance by the world`s largest manufacturer of smartphones and televisions followed a 20 percent drop in profit in the second quarter.
Oct 30, 2014, 06:11 AM IST
