Samsung Officially Cancels the Galaxy Note 7

Kaypain

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I fly to Florida for Thanksgiving week :snoop:


So theres no way I'll be able to take my phone.
 

Kaypain

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It's painfully obvious some of y'all never been on a plane...

Flight attendants don't walk around and inspect everybodies phone to make sure it's not a Note 7...They dont delay flights to inspect phones...

My wife flew to Hong Kong last week with her Note 7 on Cathay Pacific...They made an announcement to turn it off and that was the end of it...She didn't turn hers off and nothing happened...

But keep on overexagerating this shyt like clueless fools...:stopitslime:
What about when you first go through the security check?

You have to empty out your pockets
 

levitate

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@levitate
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What Note 7 crisis? Samsung stock hits new high


by Jethro Mullen @CNNMoneyInvestOctober
6, 2016: 6:11 AM ET

Samsung is grappling with a huge and embarrassing recall of one of its flagship smartphones, but its stock just hit a new high. What gives?
Samsung (SSNLF) shares trading in Seoul jumped 4.5% on Thursday after an activist hedge fund called for an overhaul of the South Korean company's complicated structure and a special $27 billion payout to shareholders.

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The U.S. fund, Elliott Management, argues that Samsung's relatively cheap share price could skyrocket if the company's management is willing to make a series of key reforms.

Samsung said it will "carefully review" the proposals from the hedge fund, which is run by billionaire investor Paul Singer.

Problems with Samsung's Galaxy Note 7 smartphone put a big dent in the company's share price last month, wiping tens of billions of dollars off its market value. Concerns mounted after some Note 7 owners reported their phones' batteries had caught fire while charging, and aviation authorities warned people not to use them on board planes.

But the stock has bounced back since, with some analysts saying they expect worries about the Note 7 to fade.

"Despite the recent unfortunate events associated with battery cells for the Galaxy Note 7, Samsung Electronics is well-positioned in terms of market share and profitability," Elliott Management said in an open letter to Samsung directors.

What Note 7 crisis? Samsung stock hits new high


Korea Stock Exchange
Samsung Electronics Co Ltd
KRX: 005930 - Oct 6, 3:30 PM GMT+9
1,691,000.00 KRW72,000.00 (4.45%)

Samsung Electronics Co Ltd: KRX:005930 quotes & news - Google Finance


:sas2:

:coffee:

Dear Friend,

Clearly an inflated stock price driven by wolves coming in to buy a down stock in hopes of a quick turnaround. Holler at a player when Samsung releases their next quarterly earnings report.

:coffee:

Meanwhile, replaced, "fixed" Note7s are still exploding on airplanes: Replacement Samsung Galaxy Note 7 phone catches fire on Southwest plane


BOOM! ...TOO SPOOKY!
 

Truefan31

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:coffee:

Dear Friend,

Clearly an inflated stock price driven by wolves coming in to buy a down stock in hopes of a quick turnaround. Holler at a player when Samsung releases their next quarterly earnings report.

:coffee:

Meanwhile, replaced, "fixed" Note7s are still exploding on airplanes: Replacement Samsung Galaxy Note 7 phone catches fire on Southwest plane


BOOM! ...TOO SPOOKY!

Damn lol.

I don't understand, the note 7 only sold a million in its opening month? I thought this was gonna be a top selling smartphone. Tim Cook laughing his ass off
 

O.G.B

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:coffee:

Dear Friend,

Clearly an inflated stock price driven by wolves coming in to buy a down stock in hopes of a quick turnaround. Holler at a player when Samsung releases their next quarterly earnings report.

:coffee:

Your favorite hobby must be taking L's! :pachaha:


Samsung's quarterly earnings weren't affected by the Note 7 recall

The company's estimated profit grew 5.6 % from last year.

Mariella Moon , @mariella_moon
8h ago in Mobile 10/7/16

Samsung might spend as much as $1.8 billion recalling and replacing 2.5 million Galaxy Note 7s, but it still expects a 5.6 percent operating profit growth for the third quarter. According to the Korean chaebol, its profit will likely reach 7.8 trillion won ($7 billion) for July to September, up 400 billion won from the same period last year and 400 billion more than forecasts predicted. See, despite its Note 7 issues, the company's chip and display business has been doing very well -- it might even be this quarter's top earner, knocking Samsung's mobile division off its perch.

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Young Woo Kim, an analyst for SK Securities that's owned by Korean conglomerate SK Group, told AP that Samsung's chip and display business might have generated nearly half of its income. The company is the world's foremost manufacturer of computer chips, after all, and is also a leading producer of OLED screens. It helps that Samsung uses the screens it makes for its Galaxy S7 phones whose sales apparently haven't been affected by the company's Note 7 problems. Kim believes, however, that its mobile business plunged to its lowest level within the past three quarters this July to September.

Samsung started recalling its latest plus-sized handset in early September, after it received several reports of units burning and exploding due to faulty batteries. The number of cases only grew after that initial notice, and airlines, subways and other locations started banning their use. The US and the Canadian government followed up with official recalls of their own. It doesn't look like the company's problems are over, though: A passenger aboard a Southwest flight recently reported that his replacement Note 7, which was supposed to be safe, overheated on board.

Now, this quarter's earnings aren't all roses for the tech titan: its sales fell 5 percent from a year earlier. Analysts believe its profit will only continue to grow these coming quarters, though, thanks to its computer chips and OLED screens. The company will release a more detailed report of its earnings later this month, so keep an eye out if you want to see exactly how it's doing.

Samsung's quarterly earnings weren't affected by the Note 7 recall



AP Technology

Despite recall, Samsung tips higher-than-expected profit

By YOUKYUNG LEE
Today (10/7/2016)


SEOUL, South Korea (AP) — Samsung Electronics Co. estimated its profit rose more than expected in the July-September quarter likely helped by its component businesses that helped offset the cost from an unprecedented recall of its flagship smartphones.

The South Korean company said in an earnings preview Friday that its third-quarter operating income rose 6 percent to 7.8 trillion won ($7 billion), compared with 7.4 trillion won a year earlier.

That was slightly higher than forecasts. According to financial data provider FactSet, analysts expected a figure of 7.5 trillion won.


\Despite recall, Samsung tips higher-than-expected profit


@levitate Ouch.........! :francis:
 

Golayitdown

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Not sure how the quaterly earnings totally negate the black eye this can put on Sammy. This is getting consistent major news coverage. From a PR perspective a second recall so soon after the first one was botched simply isn't good.
 

O.G.B

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:ufdup:

Nothing more to say.

Exactly!
Hassan_UMAD.png



Both Samsung stock (U.S & Korean) are at all time highs currently, not to mention that Samsung's 3rd quarter 2016 overall earnings are higher than last quarters even despite the Note 7 situation.



Kim believes, however, that its mobile business plunged to its lowest level within the past three quarters this July to September.


Trying to move the goal posts still doesn't the fact that I was RIGHT from the start as to how this would play out regarding Samsung's financials, while once again you were WRONG!


full
 

NoMorePie

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They should just give us the option of getting our phones refunded if it was purchased straight from Samsung

Or... I wouldn't mind exchanging for a 64GB S7 Edge
 
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