Note 7-debacle get powdery profits of smartphonetak Samsung

Note 7-debacle get powdery profits of smartphonetak Samsung

Photo: Bloomberg

The problems around the Galaxy 7, the Samsung flagship that fire risk was found to be, almost all the profits of the smartphonetak of the company in smoke do rise.

That turns out Thursday from the quarterly results from Samsung over the period of July to september.

The smartphonetak saw its profit with 96 percent, plunging to 100 billion won (80 million euro). The sales decreased from 26,6 to a 22.5 trillion won (20 billion euro).

According to Samsung, the number of shipped smartphones in the third quarter, however, remained, by the success of the Galaxy S7 and cheaper devices.


By the Note 7-fiasco also saw Samsung as a whole is its turnover and profit fall. Other departments did not do a lot better. So increased the profit of the branch which include televisions and household appliances to 770 billion won (620 million euros), a doubling compared to last year.

The chip and display divisions of Samsung recorded stable numbers in the third quarter. According to Samsung, there was more demand for cheap smartphonechips and memory chips.

Samsung thinks that the profit in the fourth quarter at the same level as last year, due to strong sales of the Galaxy S7 and S7 the Edge. That are now once again Samsung’s flagships after Note 7 of the market disappeared.

Quality control

As a result of the recall of the Note 7 is Thursday during a shareholders ‘ meeting decided that there will be “significant changes” will be implemented in the quality control, reports Samsung. Further details are not given. Also, the company has still not divulged any defect has caused the battery problems in the Note 7.

Lee Jae-yong, the ‘crown prince of Samsung, which is seen as the probable successor of his father and the current ceo Lee Kun-hee, is at the meeting appointed as a committee member.

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