Tag Archives: Samsung

UAE awards major refining contracts to Korea's Samsung

UAE awards major refining contracts to Korea's SamsungAbu Dhabi National Oil Company said Monday it has awarded two contracts worth $ 3.5 billion to South Korea’s Samsung Engineering to boost output at the largest refinery in the United Arab Emirates. ADNOC’s announcement came as South Korea’s President Moon Jae-in was visiting the oil-rich Gulf state. The main contract, worth $ 3.1 billion, is for an engineering, procurement and construction (EPC) project at Ruwais refinery, the UAE’s largest with a capacity of over 800,000 barrels per day.



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Black Friday tech deals from Samsung and Google

Black Friday tech deals from Samsung and GoogleThese days, it seems like everything from kitchen soaps to full-sized vehicles are discounted on Black Friday, making sifting though which sales to hit an overwhelming process.



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Jailed Samsung heir appeals against conviction

Jailed Samsung heir appeals against convictionLawyers for the jailed heir to the Samsung empire filed an appeal against his conviction on Monday as South Korean media divided on the ruling that put the country’s top business leader behind bars. Lee Jae-Yong, the de-facto head of Samsung Electronics, was found guilty last week of bribing South Korea’s ousted president Park Geun-Hye and sentenced to five years in prison. The official website of the Seoul Central District Court showed that Lee’s lawyer Kim Jong-Hoon filed an appeal on Monday but gave no further details.



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The Latest: Analyst doubts Samsung scandal will hurt phones

The Latest: Analyst doubts Samsung scandal will hurt phonesSEOUL, South Korea (AP) — The Latest on the bribery case involving the heir to the Samsung empire (all times local):



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The Latest: Analyst doubts Samsung scandal will hurt phones

The Latest: Analyst doubts Samsung scandal will hurt phonesSEOUL, South Korea (AP) — The Latest on the bribery case involving the heir to the Samsung empire (all times local):



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Samsung Galaxy Note 8 Release Date Returns To Old Strategy; Confirmed By CEO?

Samsung Galaxy Note 8 Release Date Returns To Old Strategy; Confirmed By CEO?The Galaxy Note 8 will release in the August timeframe, according to Samsung CEO, DJ Koh.



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Samsung Is Becoming The World's Biggest Smartphone Components Supplier

Samsung Is Becoming The World's Biggest Smartphone Components SupplierSamsung is set to replace Intel which has been making chipsets for decades as world's largest semiconductor manufacturer.



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Samsung confirms launch of refurbished Galaxy Note 7s

Samsung confirms launch of refurbished Galaxy Note 7sSamsung Electronics said Sunday it would start selling a refurbished version of its Galaxy Note 7 smartphone this week after an embarrassing recall over exploding batteries rocked the tech giant last year. The recall of millions of Galaxy Note 7 devices cost the world’s largest smartphone maker billions of dollars in lost profits and hammered its global reputation. The refurbished device, made of recalled, unsealed Note 7 handsets and unused components are outfitted with new batteries, Samsung said in a statement.



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Samsung Galaxy Note 8 with borderless display could land by summer's end

Samsung Galaxy Note 8 with borderless display could land by summer's endSpecialist website Galaxy Club reports that Samsung’s upcoming flagship, the eagerly awaited Galaxy Note 8, is currently being tested ahead of official unveiling later this year at the IFA tech fair in Berlin, September 1-6, 2017. The Samsung Galaxy Note 8 (not to be confused with the brand’s former tablet of the same name) is apparently being tested with Android 7.1.1 (Nougat), rather than a beta version of Android 8. Like the Samsung Galaxy S8 and S8+, the Galaxy Note 8 is rumored to be getting a borderless Infinity display in spectacular 6.3-inch or 6.4-inch formats, each with the same aspect ratio (18.5:9) and resolution (QHD).



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The Galaxy S8 and S8 Plus will lead Samsung to record-breaking profits

The Galaxy S8 and S8 Plus will lead Samsung to record-breaking profits

2016 was a year of ups and downs for Samsung. Early on, the company was sitting pretty as consumers were snatching up Galaxy S7 devices en masse. In fact, thanks to incredibly strong demand for the S7 and the S7 Edge, Samsung's profits during the second quarter of 2016 reached a level the company hadn't seen in years.

By the time August rolled around, Samsung was poised to reach even greater heights when it released the Galaxy Note 7, a device universally praised by tech reviewers and users alike. Of course, as we all now know, it wasn't long before we began seeing sporadic reports of Galaxy Note 7 devices catching fire and exploding. While these reports initially seemed to be isolated incidents, it soon became apparent that Samsung's flagship phablet suffered from a fatal design flaw. Ultimately, Samsung had no choice but to issue a worldwide recall, a move which wound up costing the company billions in lost revenue in the process.

Samsung may have been down, but it has since managed to put last year's Note 7 fiasco behind it for good, an impressive feat to say the least.

Last week, the company introduced the Galaxy S8 and the S8 Plus, two devices which have Android users excited to upgrade and which will reportedly help Samsung reach record profitability during Q2 of 2017.

According to a new research note from IBK Securities analyst Lee Seung-woo (via ZDNet), Samsung this quarter may post an operating profit in the $ 11 billion range, representing a year-over-year increase of nearly 50%. As a point of reference, Samsung during its second fiscal quarter of 2016 posted an operating profit of $ 7.22 billion.

If Samsung can reach the $ 11 billion projection for operating profits, it will mark the company's most successful quarter to date, easily besting the existing record set back in 2013 when it posted an operating profit of $ 9.2 billion thanks to the wildly popular Galaxy S4.

Of course, Samsung is a conglomerate with income coming in from every direction imaginable. That said, the company's semiconductor business and swelling OLED panel business will also help it achieve record profitability over the next few weeks. As we reported earlier in the week, Apple has reportedly inked a massive deal to purchase upwards of 70 million OLED panels from Samsung for the upcoming iPhone 8.

The larger takeaway here, though, is that Samsung has seemingly pulled off the impossible. Aided by the passage of time, Samsung has successfully managed to help people forget about what is arguably the most embarrassing and harrowing product recall in tech history, all in a matter of seven months no less. I suppose a side-effect of an industry that moves at breakneck speed is that consumers tend to have relatively short memories.



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