国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / Business

Samsung sees $5.3b profit hit from Note 7

By Bloomberg | China Daily | Updated: 2016-10-15 06:52

The financial burden of Samsung Electronics Co's Note 7 crisis is becoming clearer, as South Korea's largest company tallies the cost of recalling and terminating production of the fire-prone smartphone.

The Suwon-based company disclosed on Friday a negative impact of approximately 3 trillion won ($3 billion) on operating profit through March 2017, on top of an already announced $2.3 billion cut for the preceding period.

The total of $5.3 billion is in line with analysts' estimates. Chung Chang-Won at Nomura Holdings Inc had estimated that the Note 7 termination would cost the company about $5 billion in operating profit through 2017. Investors appear to have factored in an impact of that magnitude, and Samsung shares rose 1.3 percent to 1.577 million won at the close in Seoul.

"Samsung just has to bear it," said Yoo Jong-Woo, an analyst at Korea Investment & Securities Co. The top priority is to "rebuild trust," he said.

With the dent in revenue, operating profit will be lower by 2 trillion won in the fourth quarter and about 1 trillion won in the first three months of 2017, Samsung said.

In addition to the announcements, the company had already reported lower-than-projected profit from the mobile division in the prior quarter, partly reflecting the impact of the first few weeks of the Note 7 recall. With that factored in, the "costs for the Note 7 crisis totals about 7 trillion won, and that means Samsung has lost about one quarter of income," Yoo said.

Samsung shares slumped more than 8 percent this week, wiping about $20 billion from its market value. That has also attracted investors who are betting that the company is moving fast enough to deal with the debacle and that it offers long-term value.

The company said it plans to make up for lost revenue by expanding sales of flagship models such as the Galaxy S7 and Galaxy S7 Edge. Samsung has been struggling with the fallout from the troubled Note 7 phones, which were overheating and catching fire even after a recall that was supposed to fix the problem. Samsung said on Tuesday it would kill this generation of the high-end phone.

Samsung and Vice Chairman Jay Y. Lee are struggling to contain fallout from the troubled Note 7 phones. The debacle is testing Samsung's management and raising questions about whether it needs stronger leadership.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
沙雅县| 开封县| 铜山县| 七台河市| 清流县| 合肥市| 武清区| 唐山市| 石屏县| 天等县| 金寨县| 隆林| 双流县| 九江市| 阳原县| 班玛县| 渑池县| 化德县| 长顺县| 宁阳县| 荃湾区| 宜昌市| 长阳| 苍梧县| 高阳县| 乐昌市| 滦南县| 湘潭市| 高台县| 沭阳县| 江孜县| 黑龙江省| 通道| 连城县| 牟定县| 海淀区| 滕州市| 沙坪坝区| 沁水县| 嘉定区| 佛山市|