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Samsung Shares Hit New Record High Despite Galaxy Note 7 Recall

Mon Jan 09 10:04:52 EST 2017 | Tech Times
The Galaxy Note 7's exploding battery debacle not only triggered a massive PR nightmare for Samsung, but its withdrawal was instrumental in the company incurring revenue losses. Due to this situation, shares of Samsung Electronics dropped soon after the mishap occurred. However, Investors have now reposed faith in the company and their confidence in Samsung Electronics is evidenced by the performance of its stock. Despite all the troubles and hard times that the company has faced so far, th..

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It’s been less than four months since Samsung was forced to issue an embarrassing recall of one of its flagship phones, but the company has announced that it is expecting a big inc..
The Galaxy Note 7's exploding battery debacle not only triggered a massive PR nightmare for Samsung, but its withdrawal was instrumental in the company incurring revenue losses. Du..
Things were looking pretty grim for Samsung when it threw in the towel and issued a global recall for its fire prone Galaxy Note 7 devices after failing to fix the problem with an ..
Samsung’s smartphone division has had a pretty rough few months. Only a few months ago, the company was forced to go through an embarrassing recall of the Galaxy Note 7, arguably t..
Samsung Electronics expects operating profit of 9.2 trillion won for Q4 2016 despite the Note 7 fiasco, thanks mainly to earnings of its chip business. Samsung Electronics expects ..
Today is the last day many owners of the Galaxy Note 7 smartphone will be able to use the device. The phone is under a worldwide recall after several overheated and caused fires. V..
A man walks past an advertisement promoting Samsung Electronics' devices at its headquarters in Seoul, South Korea, January 5, 2017. Picture taken on January 5, 2017. REUTERS/Kim H..
SEOUL—Samsung Electronics Co. estimated that its fourth-quarter operating profit rose 49.8% from a year earlier, its biggest quarter of profits in more than three years, as the wor..
Samsung is much more than just a smartphone company. And its smartphone business does not rely on just a single product. Following the Galaxy Note 7 debacle, many analysts expected..
SEOUL Jan 6 Samsung Electronics Co Ltd said on Friday its fourth-quarter operating profit likely rose 50 percent from a year earlier, beating expectations as memory chips and displ..
Lululemon Athletica Inc. LULU, -0.41% said Monday it now expects fourth-quarter revenue to range from $775 million to $785 million, narrower than its previous guidance of $765 mill..
The queen of Samsung smartphone Galaxy S7 is said to be facing its dethronement when its successor Galaxy S8 is shaping up for its final release. Galaxy S8 promises excellent featu..
You could say Apple had a pretty decent holiday season. With so many people buying and giving iPhones, iPads, and other Apple devices, it’s hardly surprising that the company repor..
SEOUL—A strong earnings forecast from Samsung Electronics Co. on Friday offered a fresh reminder of the company’s central place in the global technology supply chain. Even with the..
SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday that its profits in the last quarter of 2016 surged 50 percent to the highest level in more than three years, despite ..
SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday that its profits in the last quarter of 2016 surged 50 percent to the highest level in more than three years, despite ..
Despite the fiasco with its flagship Galaxy Note 7 phone, Samsung Electronics is forecasting a 50% surge in profits for the fourth quarter. The earnings estimate is higher than ana..
Bloomberg says it definitely helped that the huge demand for memory chips by China's lower-end smartphone market led to a "persistent rise" in their prices. In fact, analysts expec..
L Brands Inc. on Thursday guided for its fiscal fourth quarter per-share earnings to come in at the lower end of its $1.85 to $2.00 range. L Brands marks the third retailer in the ..
The past few months have been particularly tough for Samsung. It had to see its new flagship device go up in flames quite literally. Samsung had to make the difficult decision to d..
Samsung and Apple have both announced their flagship smartphones for this year. As early as now, fans have been making Samsung Galaxy S8 vs Apple iPhone 8 comparisons despite both ..
Apple is making some gains on Google’s Android mobile operating system and devices — a new report shows the iPhone 7, 7 Plus, and 6S were the three most popular smartphones in the ..
Samsung wants to help users get fit for the new year and it's currently offering a free Gear Fit 2 wearable with any Galaxy S7 edge purchase. The deal targets only customers in the..
Samsung rolled out an Android 7.0 Nougat update to many of its devices as a soak test earlier this week, with select Galaxy S7 and S7 edge as participants. Now, a sp..
iOS sales outperformed Android’s in the U.S. market, as shares rose by 6.4 percent year-on-year in the three months ending in November 2016, recent numbers from data company Kantar..
It's been awhile since Samsung's patents hint at a foldable phone display and it seems that the revolutionary handset will come to fruition soon. Foldable Galaxy X: Further Details..
Samsung had a pretty dire last quarter of business as profits dropped by 30 percent thanks primarily to the recall of the Galaxy Note 7. There’s now some New Year cheer, ..
Pixelworks Inc. shares jumped almost 8% in premarket trade Tuesday, after the video display technology company said it expects fourth-quarter revenue to come in at the high end of ..
Apple Inc. is slated to release its upcoming iPad Air 3 that will battle out against Samsung's forthcoming Galaxy Tab S3. The devices' specs, features and price will be compared to..
Southwest Airlines Co (LUV.N) said on Tuesday it expected a smaller decline in fourth-quarter unit revenue, a closely watched metric, citing an improvement in average fares for U.S..
• St. Bavo Parish, 502 W. 7th St., Mishawaka, will host a 10-week retreat titled “Consoling the Heart of Jesus” beginning Jan. 29. It will be led by the Rev. Michael Gaitley, the a..
SEOUL Jan 6 South Korea's LG Electronics Inc said on Friday it likely swung to an operating loss of 35 billion won ($29.38 million) in the fourth quarter, falling short of market e..
American Eagle Outfitters Inc. AEO, +1.16% shares were down 4.8% in Thursday premarket trading despite reiterating its fourth-quarter earnings per share guidance. The fourth-quarte..
A man walks past an advertisement promoting Samsung Electronics' devices at its headquarters in Seoul, South Korea, January 5, 2017. Picture taken on January 5, 2017. REUTERS/Kim H..
It’s been a few months already since Samsung was forced to announce the first Galaxy Note 7 recall, an unprecedented move from the company. But Samsung has not shared any details a..