iPhone | iPad
Android
Huawei
So far, eight million pages of documents in the possession of Iraqi authorities have already been digitized and are proving useful in the judicial system
KT APPDOWNLOAD
Samsung sees record profit of $14 billion in Q4
The booming chip unit has helped Samsung overcome the Galaxy Note 7 debacle.
dubai - The booming chip unit has helped the firm overcome the Galaxy Note 7 debacle
The booming chip unit has helped the firm overcome a bribery scandal that saw its de facto head jailed and the embarrassing Galaxy Note 7 debacle.
Samsung estimated operating profits would hit 15.1 trillion won ($14.1 billion) in October-December, nearly double the 9.2 trillion won posted a year earlier. However, the figure was below analyst forecasts, which averaged 16.1 trillion won in a survey by Bloomberg News.
Full-year operating profit was projected at 53.6 trillion won - also a record.
Samsung was dealt a blow in August when Lee Jae-yong was jailed after being found guilty of bribery, perjury and other charges relating to payments made by Samsung to ousted president Park Geun-hye's secret confidante. Lee is appealing his five-year sentence and says he is innocent.
That came after a damaging recall in 2016 of its flagship Galaxy Note 7 over exploding batteries, which cost Samsung billions of dollars and dealt a blow to its global reputation.
But the travails have not impacted demand for Samsung Electronics' products.
Fourth-quarter sales were projected to have jumped 23.8 per cent year on year to 66 trillion won, with full sales estimated at 239.6 trillion won.
"The won-dollar exchange rate is worrisome," Lee Seung-woo, an analyst at Eugene Investment and Securities, said in a report before the announcement, according to Bloomberg News.
But Greg Roh, an analyst at HMC Investment Securities, said the figures were "satisfactory" despite missing estimates. "I think Samsung overspent on marketing because it was the end of the year," Roh told AFP, and added: "The first quarter for this year looks good for Samsung." - AFP
More news from
The notion that art can improve mental well-being is something many people intuitively understand but can lose sight of — especially if we have become disconnected from the dancing, creative writing, drawing and singing we used to enjoy as children
Ranked at three in the world at the time, the sobbing, screaming Zverev was taken off court in a wheelchair and was out of action until January this year
We cannot solve the problem of authoritarian influence by banning fake news. Our best hope again lies in education. We will need to do a better job teaching people to be discerning and less susceptible to manipulation.
The celebrity RJ and his wife confirmed the news in an Instagram post, saying they are expecting to welcome their bundle of joy in November
The German exited Roland Garros in agony last year after tearing ankle ligaments in the semifinal against Rafael Nadal
Capital's first indoor snow park has been officially inaugurated in Reem Mall on Reem Island and will welcome visitors from June 8
Head remained unbeaten on 146 off 156 balls and Steve Smith was batting on 95 off 227 balls as Australia reached 327 for three at stumps