Even With The Recall Samsung Still Made Bank In Q3!

Discussion in 'Android News' started by DroidModderX, Oct 8, 2016.

  1. DroidModderX

    DroidModderX Super Moderator
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    Samsung is one of the worlds most profitable business. You might be surprised to know just how profitable they actually are. When you hear a figure like -$1Billion you may be thinking "How will they every recover?!" "Will Samsung go out of business?". The truth is while the loss was "heartbreaking" it is really just a drop in the bucket. In fact it turns out to be about as financially impactful as missing a few weeks of work unpaid.

    For the third quarter of the year (July thru September) Samsung says that they have an operating profit of $7.8trillion Korean Won (about $7Billion). Aside from cell phones Samsung makes all sorts of other consumer products like washers and dryers, refrigerators, TVs, and more. They also produce parts and components for other cell phone manufacturers. The recall may have even helped out the component business as it created the need for the production of an extra 2.5 million cell phones! It is good to know that Samsung is still doing ok after the recall.

    via news.samsung.com
     
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  2. xeene

    xeene Gold Member

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    Wait till 4th quarter(most profitable in the year) when 27% of note owners switch to iPhone and another 34% won't even consider another Samsung device.
    This billion $ loss will look like a drop in a bucket.
     
  3. mountainbikermark

    mountainbikermark Super Moderator
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    You think they won't change the numbers to hide those losses? They'll be right there in oblivious numbers for the payment they owe Apple in the lawsuit (from 09) that just came back with a final tally that they owe.

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  4. xeene

    xeene Gold Member

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  5. Miller6386

    Miller6386 Developer
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    See I'm not a stocks guy by any means but losing that much in "stock" money is much different than losing it from the bank...

    See to me stock money always seems like "imaginery" money it's all just floating around who knows where. Company can't really spend it or use it... To me it's always seemed like a big scam.

    Samsung Note 7.5