Tech

Samsung CEO Resigns as Tech Giant Forecasts Record Profits

3 monthes ago   |   By Mac Rumors

In a surprise move, Samsung announced on Friday that its CEO and vice chairman Kwon Oh-hyun is to step down. Kwon was expected to take a bigger role at the company after de facto leader J Y Lee was arrested and jailed for bribery , but his surprise resignation has deepened concerns of a power vacuum.
"It is something I had been thinking long and hard about for quite some time. It has not been an easy decision, but I feel I can no longer put it off," Kwon said in a letter sent to employees. "As we are confronted with unprecedented crisis inside out, I believe that time has now come for the...
Read more ...

 

Samsung forecasts Q3 profit of $12.8 billion, up 179% year-on-year

Samsung forecasts Q3 profit of $12.8 billion, up 179% year-on-year

3 monthes ago   |   By VentureBeat

Samsung Electronics said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins.
Samsung shares touched a fresh high of 2.74 million won soon after the market opened on Friday, on hopes for record 2017 earnings driven by soaring demand for memory chips with ever greater storage capacity.
“Memory chips have entered a brave new world. The rate of supply increase has slowed drastically, while demand has exceeded expectations, rapidly lifting prices,” said Kim Woon-ho...
Read more ...

 

CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

3 monthes ago   |   By Phone Arena

On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign. He is known as "Mr. Chip" for turning Samsung into the world leader in memory chips. The announcement shocked some Samsung followers. According to Park Ju-gun, head of research firm CEO Score, "The timing is nonsensical. Samsung tipped record earnings, it's going to be better in the fourth-quarter, and all that's been driven by Kwon's components business."
In addition to announcing Kwon's resignation, Samsung said that it would report record third quarter operating earnings ...
Read more ...

 


Search by Tags

   Tech      Industry      Roles      Business      Galaxy      News      Note      Role      Spirit      Samsung      Smartphone      Smartphones      Security      Device      Open      Devices      Mobiles      Mobile      Mobility      Storage      Apps      Commerce      Enterprise      Entrepreneur      Samsung earnings      Samsung Electronics  


Samsung Galaxy S9 Battery Size Could Be Maintained At 3,000mAh

Samsung Galaxy S9 Battery Size Could Be Maintained At 3,000mAh

If you were hoping to see Samsung increase the battery size of the Galaxy S9 this year, you might be disappointed because in a photo uploaded onto Slashleaks by user... Read more ...

New 2D Metroid Game Reportedly In The Works

New 2D Metroid Game Reportedly In The Works

If you grew up playing the Metroid games on your Nintendo consoles, then 2017 was probably a great year because not only did Nintendo publish Metroid: Samus Returns for the... Read more ...

SoftBank considers IPO for wireless business, reportedly seeking $18 billion

SoftBank considers IPO for wireless business, reportedly seeking $18 billion

SoftBank Group said on Monday it was considering listing its Japanese wireless business - a move that could reportedly raise $18 billion and would accelerate the conglomerate's... Read more ...

Apple Facing Probes In China Over Slowed Down iPhones

Apple Facing Probes In China Over Slowed Down iPhones

If Apple was hoping for the slowed down iPhone controversy to blow over, it seems that the company could be in for a long fight ahead of them. Not only are they facing probes... Read more ...

Xiaomi resumes Android Oreo for Mi A1 roll-out, here's what's fixed

Xiaomi resumes Android Oreo for Mi A1 roll-out, here's what's fixed

Xiaomi's Android Oreo update for the Mi A1 was a bit rushed, which is why many users have experienced issues with some of the phone's features, including battery drainage, GPS... Read more ...

Chrome Incognito Mode For Android Isn't As Discreet As You Think

Chrome Incognito Mode For Android Isn't As Discreet As You Think

There is a reason why you might choose to browse the web or certain websites using Chrome's Incognito mode, a feature which is supposed to keep what you're doing under wraps... Read more ...

Moto E5 Render Leaked, Shows Off Rear-Mounted Fingerprint Sensor

Moto E5 Render Leaked, Shows Off Rear-Mounted Fingerprint Sensor

Motorola/Lenovo's Moto E series of smartphones are a low-end offering, so if you're shopping on a budget then these handsets could be worth taking a look at. Now the last Moto... Read more ...

Apple Now Inundated With Over 40 iPhone Lawsuits

Apple Now Inundated With Over 40 iPhone Lawsuits

Following Apple's admission that they do indeed slow down older iPhones with degrading batteries, it wasn't surprising to see the company hit with lawsuits, but to see that... Read more ...

Tag Heuer's $180,000 Android Wear device includes a mechanical watch

Tag Heuer's $180,000 Android Wear device includes a mechanical watch

The announcement of the Connected Modular 41 was not Tag Heuer's only Android Wear release today, with the Swiss luxury brand also unveiling an ostentatious, diamond version of... Read more ...

Best Of CES 2018: AEE SELFLY Smartphone Case With Embedded Drone

Best Of CES 2018: AEE SELFLY Smartphone Case With Embedded Drone

The AEE SELFLY is the most novel idea showcased at CES 2018 and may just be the most unconventional smartphone case ever created. The Consumer Electronics Show is traditionally... Read more ...