Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster

Author
Post
Essentials Only Full Version
stalinx20
CLASSIFIED Member
  • Total Posts : 4656
  • Reward points : 0
  • Joined: 2009/01/03 08:56:23
  • Location: U.S., Indiana
  • Status: offline
  • Ribbons : 0
2016/10/30 03:56:28 (permalink)
Ouch... It doesn't always pay to be hasty and always try to cut costs every chance you get, to save money, which they tried to do. Sometimes you have to spend the money to make the money.
 
Company-wide net profits fell 16.8% to $4 billion, while its mobile division reported a staggering 96% net profit loss year-over-year (from $2.1 billion in 2015 to just $88 million today).

 
https://www.extremetech.com/mobile/238502-samsungs-mobile-division-profits-fall-96-wake-note-7-disaster

#1

5 Replies Related Threads
    rjohnson11
    EVGA Forum Moderator
    • Total Posts : 56343
    • Reward points : 0
    • Joined: 2004/10/05 12:44:35
    • Location: Europe
    • Status: online
    • Ribbons : 52
    Re: Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster 2016/10/30 04:32:43 (permalink)
    The Note 7 killed all profits more or less for the quarter. However the Samsung Galaxy 8 will probably debut in February.

                
    (Pazmeister: rjohnson.....YOU ARE A LEGEND, problem solved, i am sendning my missus round to you now so she may have your babies!!) , R.I.P Jeffreyham,
    R.I.P Corsair_Mike, R.I.P Wrinvert,  i7 5820K, Corsair H100, Corsair Vengeance LPX 32GB (CMK32GX4M4A2666C16R), EVGA GTX 1080FTW ACX, Corsair AX1200, EVGA X99 Micro2, Samsung Sm961 m.2, One Corsair SSD, Crossover 4K,
    #2
    stalinx20
    CLASSIFIED Member
    • Total Posts : 4656
    • Reward points : 0
    • Joined: 2009/01/03 08:56:23
    • Location: U.S., Indiana
    • Status: offline
    • Ribbons : 0
    Re: Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster 2016/10/30 05:29:11 (permalink)
    Hopefully they can make some kind of mind blowing advertisement to get the people to get passed the Note 7 fiasco and consider the Note 8.

    #3
    Jeff_ M
    New Member
    • Total Posts : 8
    • Reward points : 0
    • Joined: 2016/10/27 17:10:38
    • Status: offline
    • Ribbons : 0
    Re: Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster 2016/10/31 10:12:28 (permalink)
    It's sure going to be interesting to see the PR work that will be done.  Everything I heard about the Note 7 said it was a fantastic phone aside from the obvious issue.
    #4
    Vlada011
    CLASSIFIED ULTRA Member
    • Total Posts : 7718
    • Reward points : 0
    • Joined: 2012/03/25 00:14:05
    • Location: Belgrade-Serbia
    • Status: offline
    • Ribbons : 7
    Re: Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster 2016/10/31 12:45:58 (permalink)
    I only wait to see new iPhone 7s and iPhone 8.
    I made my decision, every 24 months new iPhone.
    From one contract to another and I will always have nice iPhone for 550 euro only on 24 months payment.
    When I sell old, I could cover half of new. Never cash money, always over carrier.
    No reason to look for Xaomi, Naomi, Pixel, One, HTC THC and who know what else.
    iPhone is our friend, Apple is our friend, they made BEEEST CELL PHONES ON MARKET.
     


    #5
    XrayMan
    EVGA Forum Moderator
    • Total Posts : 49998
    • Reward points : 0
    • Joined: 2006/12/14 22:10:06
    • Location: Santa Clarita, Ca.
    • Status: offline
    • Ribbons : 92
    Re: Samsung’s mobile division profits fall by 96% in wake of Note 7 disaster 2016/10/31 22:32:19 (permalink)
     
    I'm not surprised.

    My Affiliate Code: 8WEQVXMCJL
     

     
     
     
     
     
     
     
     
     
     
     



     
     
     
     
     
           
     
     
     
     
     
     
     
     
     
       
     
     
       
     
     
       
     
     
       
     
     
       
     
     
       
    #6
    Jump to:
  • Back to Mobile