Saturday, January 7, 2017

Samsung seems to come out of the financial crisis related to the Galaxy Note 7 – Numerama

After a Q3 2016 disastrous, Samsung predicts a fourth quarter revenue, the highest of the last 3 years. The Korean seems to have weathered the economic storm caused by the case of the Galaxy Note 7 explosives.

The economic disaster caused by the explosions of the Galaxy Note 7 appears to move away gradually from the Samsung. The Korean giant, in fact, predicted that the revenue from its last quarter (Q4) 2016 may be the highest of the last 3 years. The latter would amount to a turnover of $ 7.2 billion.

If the predictions are not false, that means that the Korean company was able to overcome its crisis of fall with a speed considerably and she was able to overcome this battle financial on several fronts, as the chart shows below.

samsung-bloomberg-2016
Credit : Bloomberg

Samsung has been able to overcome this difficult period through the commercialization of two important elements : its memory chips and OLED screens. According to Bloomberg, it is also thanks to the confidence of the majority of its investors that the company was able to overcome these difficulties, beyond the reminder of the Galaxy Note 7, the company has had to open itself up to an investigation by the authorities relating to the corruption case of the president of korea Park Geun-hye.

However, even if the crisis is seemingly behind, Samsung will still have to get back the confidence of its customers about its smartphones. The giant is about to launch this year its Galaxy 2017, and Galaxy S8. The company will have to convince his audience of the reliability of these new mobile products to a permanent release of the nightmare that still haunts.

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