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Samsung estimates $3 bn losses over Note 7 withdrawal

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8 years ago

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Samsung temporarily halts Galaxy Note 7 productionSeoul : South Korean tech giant Samsung Electronics has estimated that it will lose 3.5 trillion won ($3 billion) in operating profits over the next six months due to the withdrawal of the Galaxy Note 7 smartphone, the company said on Friday.

Samsung calculated that the impact of the sales halt will amount to 2.5 trillion won ($2 billion) in the fourth quarter of this year, from October to December, and around one trillion won ($880 million) for the quarter from January to March 2017, EFE news reported.

The firm first announced a drastic downward revision of its forecast for operating profits between July to September, from an expected growth of 5.5 per cent year on year to a 29.63-per cent fall from the same month in 2015. The final results of the quarter will be presented at the end of October.

Samsung Electronics was now planning to standardise its mobile phone business by expanding sales of models including the Galaxy S7 and the Galaxy S7 Edge, noting it will also introduce “significant changes” to its quality checking processes to “enhance safety for consumers”.

On Tuesday, the company announced it would freeze sales of its high-end smartphone and permanently cease production of the device over the persistent risk of spontaneous fires caused by defective batteries.

The South Korean conglomerate began selling the phone on August 19 this year, but in September announced an unprecedented withdrawal following reports of more than thirty cases of combustion by terminals in multiple countries.

In the recall affecting about 2.5 million phones, the company proceeded in mid-September to deliver replacement phones, but the new batch continued to suffer from battery overheating, ultimately resulting in the definitive withdrawal of the product.

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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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