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follow the latest progress in Samsung "thestar" site most famous technicals Kavita Kumar by 2016-11-23 at 19:16
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Best Buy profits beat expectation, despite Samsung Note 7 recall
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- "From a revenue standpoint, we are excited by the rate of technology innovation, the quality of our assortment and our ability to execute," Corie Barry, Best Buy's chief financial officer, said in a statement."That being said, we have updated our original expectations to incorporate the impact of recent product recalls and the fact that certain products will simply not be available for sale during our fourth quarter."As the holiday sales season begins, Best Buy estimates that various product recalls, most prominently Samsung Electronics Co.'s Galaxy Note 7, will mean $200 million in less revenue and reduce comparable sales, those in stores open at least a year, by 1.5 percentage points.It forecast comparable sales to range from down 1 per cent to up 1 per cent during the November-to-January quarter.
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As Samsung moves on from Note 7 crisis, SDI battery affiliate struggles
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- Samsung Electronics' Galaxy S7 is displayed at its shop in Seoul, South Korea, November 21, 2016.Picture taken November 21, 2016.REUTERS/Kim Hong-JiSamsung Electronics' Galaxy Note 5 is displayed at its shop in Seoul, South Korea, November 21, 2016.
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Samsung to Recycle Millions of Recalled Note 7 Units?
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- Samsung has probably experienced its biggest loss in 2016 as it recalled and ultimately stopped the production and distribution of its flagship phone Samsung Galaxy Note 7 in the fourth quarter of this year.Since it was released in August, there had been continuous reports of the units overheating and catching fire from various users all over the world.Seeing this as a problem, the company decided to recall all their initially released units to investigate the cause of the issue.
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