Samsung has said that it registered a fall of 30% of its earnings in the third quarter, an expected result after the scandal of the Galaxy Note 7.
The largest manufacturer of phones worldwide, said that its operating profit in the period between July and September of 4,600 billion dollars.
THE HEIR
J. Y. Lee is shaping up as the heir to the more likely of the brand, after his father, Lee Kun-Hee, chairman of Samsung Electronics, as well as of the matrix Samsung Group, had a heart attack in 2014.
This generational change in a company that is a flagship in South Korea, but that’s still a family-owned company is presented as complex.
THE NEW ERA
“we can Now say that the regime of Lee officially began,” said Lee Chaiwon, chief investment officer of the firm’s Korea Value Asset Management Co.
“I Think it comes a new era. The company is going to become more in something more friendly to the markets,” Lee said to Bloomberg News.
The fall in profits is in line with the revisions to the performance projections made by the same company two weeks ago, after the scandal following the withdrawal of its device star, the Galaxy Note 7.
Samsung has said that it will focus on “increasing the sales of the new flagship products (…) in addition to regain the confidence of consumers”.
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