UPDATE: Samsung has now revised its guidance following the premature end of Galaxy Note7. Samsung says its operating profit is estimated to be around 5.2 trillion won. Samsung has announced the earnings guidance for the recently concluded quarter. According to their estimated figures based on K-IFRS, Samsung expects the consolidated sales for Q3 2016 at […]
Misc.
Samsung Pay completes a year in US, adds support for coupons
Samsung’s answer to Apple Pay – Samsung Pay is celebrating its first anniversary in the United States. Samsung says the acceptance of the service has been great in the last one year and in United States, the service is supported by over 500 banks and credit unions, representing over 80 percent of the debit and […]
Samsung sells off its printer business to HP
Samsung today announced that they’ve reached an agreement with HP to sell its printer business to the American company. The deal is valued at $1.05 billion, which HP reckons will help them to “disrupt and reinvent the $55 billion copier industry” by investing in multifunction printer (MFP) technology. Samsung will spin off the printing business […]
Samsung to shut down Milk Music service in US
Samsung has confirmed they’ll shut down the Milk Music service in the United States from September 22. Samsung fails to specify the exact reason for the closure but did release a terse statement. We have made the strategic decision to invest in a partner model focused on seamlessly integrating the best music services available today […]
Samsung Q2 2016 profit climbs up due to strong smartphone performance
Samsung today published their Q2 2016 results and its an upward trend for the South Korean chaebol. For the quarter that ended on June 30, 2016, Samsung reported a revenue of 50.94 trillion won, an increase of 2.40 trillion won YOY and recorded an operating profit for the quarter at 8.14 trillion won, an increase […]