The truth of Samsung on the Note7: battery only guilty party. But the profits to double – Corriere della Sera

report a quarterly record

Milan January 22, 2017 – 19:26

In the night between Sunday and Monday, the giant has made known the reasons for which the smartphone
you surriscaldavano and in some cases on fire: according to the independent investigations and the problems caused by the irregular size of the batteries and the bad isolation of some of the components

Samsung Electronics, in spite of the slip of the Galaxy Note 7, closes the fourth quarter of 2016, with profits more than double thanks to semiconductors and smartphones: 7.100 billion won (6.1 billion dollars) against 3,200 billion in the same period of 2015. Stable sales, 53.300 billion won (45.6 billion), while operating profit rises 50% to 9.200 billion won (7.9 billion). The current quarter will see decline in profits to the weak demand for tv and higher marketing costs for smartphones.

The world leader of smartphones, tv and the microchip, mark accounts, best estimates of the analysts, and appear to overcome both the impact of the Galaxy Note 7, approximately $ 5.3 billion in the last quarter) is the legal trouble involving the vice president, the de facto leader of the group and heir to the founding family, Lee Jae-yong. A few days ago, the manager, 48 years old, has avoided the shutdown required by the special power of attorney, which investigates the corruption scandal that involves the president of the Republic, Park Geun-hye and her confidant Choi Soon-sil. For the first time since July-September 2013, operating profits have exceeded 9,000 billion won: “the figure for the fourth quarter,” explains Samsung in a note – they are sustained by the business of the components, especially microchips and display”, in addition to the factor changes, with the strengthening of the dollar against the currency in sout h korea. The semiconductor industry, in particular, marks profit operating 4.950 billion won on sales 14.860 billion. For the whole of 2016, Samsung record profits operating 29.200 billion won (+10,7%) on sales 201.870 billion (were 200.650 in 2015). The company has also decided on a maxi the buy-back of own shares for 9.300 billion won in 2017 and the payment of a dividend in 2016 amounted to 27.500 won per share, equal to a mountain’s total about 3,800 billion.

January 22, 2017 | 19:26

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