Galaxy S8 gets red tint fix, Samsung insists it's not a bug

Yolanda Curtis
May 8, 2017

Pre-orders for the Galaxy S8 launched in April were better than many analysts had expected.

The majority of Samsung's first-quarter earnings was generated in the chip-making unit, which posted 6.31 trillion won of operating profit on revenue of 15.66 trillion won.

Samsung confirms the release of the most awaited Galaxy Note 8.

But Samsung said on Thursday that it had made a decision to reject the proposal.

We're talking 9.9 trillion won ($8.75 billion) earned in the 90-day timeframe kicking off 2017, which represents a 48 percent increase over Q1 2016's KRW 6.68tn profit score.

It is counting on the just launched and well-received flagship Galaxy S8 to make up for the Note 7 failure. Lee Jae-yong, vice chairman and de facto head of Samsung, was arrested in February on corruption allegations involving the president of Korea. It's also the second biggest quarter ever scored by the Korean giant. This rumour sounds believable to some extent, given the fact that the Galaxy Note 7 was permanently pulled from the market previous year due to battery defects. The Samsung Galaxy S8 and Galaxy S8+ hit the market recently and are expected to be top performers. As part of efforts to enhance the value of shareholders, Samsung planned to repurchase and retire treasury stocks worth a whopping 49.3 trillion won, including 40 trillion won now owned and 9.3 trillion won newly bought.

Samsung appears ready to put its most controversial smartphone back on sale within weeks, and will reportedly relaunch the device under the Note 7 banner. Recent reports claim that the company will be launching the successor of its fire-prone Note 7 smartphone. However, it seems that Samsung wants to continue with the Note series of phones to battle the nest iPhone later in the year and manage a major amount of consumers' interest and investment towards their products. It also announced a share buyback worth 2.3 trillion won ($2.03 billion).The first-quarter result supports expectations that the world's top maker of memory chips, smartphones and televisions will book record profits in the coming quarter as well as for 2017.

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