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Thread: Samsung CEO resigns

  1. #1
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    Samsung CEO resigns

    Today Samsung shares hit an all-time high. Today Samsung forecast a record-high third-quarter operating profit. So what did the Samsung CEO do today? He announced his resignation. Huh???

    Samsung Electronics CEO Kwon Oh-hyun announces shock resignation as profits surge

    http://www.reuters.com/article/us-sa...-idUSKBN1CI03P
    Last edited by Rewind; 10-13-2017 at 07:15 PM.

  2. #2
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    Here are more details of Samsung's third-quarter operating profit, which is up 179% from quarter 3 of last year. Of course profits in Q3 2017 had to be a big improvement over Q3 2016, when Samsung suspended sales of the Galaxy Note 7, many of which were exploding.

    http://www.today.ng/technology/mobil...-179-year-year

  3. #3
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    Samsung's CEO resigned last month. Now I suspect he knew this tax-evasion investigation was imminent:

    Samsung, Lotte targeted by watchdog's 12.9 trillion won (US $11.5 billion) charity probe

    http://www.chinadailyhk.com/articles...902301602.html

  4. #4
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    "Yes, we know you bought a new Galaxy phone this year -- but now you'll have to buy a newer one next year.....and again in 2019.....and 2020.....and....."

    Samsung will reportedly unveil its new Galaxy S9 smartphone in February

    http://www.cnbc.com/2017/12/15/samsu...y--report.html

  5. #5
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    Samsung's flagship store in New York City lets visitors try out laptops, tablets, phones and televisions. There is a DJ playing music. There are concerts. There are virtual reality rides. There is very little inventory for sale. And this is the "future of retail"? How does the store make any money?

    Samsung's vision for the future of retail is a store that doesn't try to sell you anything

    http://www.businessinsider.com/samsu...ything-2018-1/

  6. #6
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    In January 2018, a share of Samsung stock reached an all-time high of $2,376 US. On January 31, the company announced a 50-to-1 stock split, the first stock split in its history. It took effect on April 27 and lowered the share price to around $49 US. Investors were happy. They will not be happy after reading this, however:

    Samsung has to pay Apple $539 million in patent infringement case
    Reuters, May 24 2018

    a US jury has said Samsung Electronics should pay $539 million to Apple for copying patented smartphone features, bringing a years-long feud between the technology companies into its final stages. The world's top smartphone rivals have been in court over patents since 2011, when Apple filed a lawsuit alleging Samsung's smartphones and tablets "slavishly" copied its products. Samsung was found liable in a 2012 trial but a disagreement over the amount to be paid led to a retrial over damages. Arguments ended on May 18. Samsung previously paid Apple $399 million to compensate Apple for infringement of some of the patents at issue in the case.

    http://www.businessinsider.com/samsu...ngement-2018-5

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