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Samsung shares recover from crash following Note 7 withdrawal

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8 years ago

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Samsung temporarily halts Galaxy Note 7 productionSeoul : Shares of South Korean tech giant Samsung Electronics recovered at the Seoul stock exchange on Thursday after crashing earlier in the week.

The stocks of the company had crashed on Tuesday after volatility Monday, following the withdrawal of its smartphone Galaxy Note 7 for their persistent problem of spontaneous combustion, EFE news reported.

The values of the company on Thursday listed a 1.30 per cent boost at the opening of trading and at 11.33 a.m., they were bought for $1,378, 1.63 per cent more.

On Tuesday, when Samsung announced that it froze the sale of its high-end phablet, its shares sank 8.04 per cent – marking its greatest stock market fall since 2008 – and after it announced a permanent halt in production of the phablet, its shares lost 0.65 per cent on Wednesday.

Samsung also announced a substantial reduction in its forecast results for the third quarter, after taking into account the amount it will have to return its customers (each phablet costs $882) for the more than two million handsets sold.

Samsung lowered its turnover forecast for July-September to around $42 billion, 4.09 per cent less than its previous forecast and 8.94 per cent less than what it collected in the third quarter of 2015.

This, however, did not seem to have affected investors, who bid Thursday for some shares, representing approximately a quarter of the total capitalisation of the stock market, and which are now a steal as compared to the prices following the launch of the Note 7.

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Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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