Samsung tipped record earnings, it's going to be best in the fourth-quarter, and all that's been driven with Kwon's components business," told Park Ju-gun, head of study company CEO Score. Kwon, 64, is seen as Samsung Group No. Shares in Samsung, worth about $350 billion, fell 0.6 % on Friday after hitting an all-time high earlier in the day. CHANGING THE OLD GUARDThe departure of 32-year Samsung veteran Kwon after 5 years in the highest job comes at a time of leadership doubt at the company. Kwon would serve out his term as chairman of the board and board director until March 2018, the company said.
Samsung 3Q Earnings Strong, CEO Resigns
By any measure, the break news headlines were significant ones for Samsung Electronics final week. In one, the firm offered up powerful guidance for third-quarter results tied to its key components and mobile businesses. The bottom line ought be as much as 14.5 trillion beat ($12.8 billion), up 300 % year over year. TechCrunch noted which the development comes as the firm continues to purvey components to phone rivals, involving Apple. It hasn't been an simple decision, however I feel I could no longer put it off.
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