Samsung Q3 profits drops by 30% as the Galaxy Note7 bombs
Samsung Electronics has released its third quarter earnings this morning and boy did it take a hit with the cancellation of the Galaxy Note7. The revenue was $41.9 billion which is down by 7.5% year-on-year. The operating profit amounted to $4.5 billion down by $1.89 billion, which was in line with the expected decline of 30%.
The IT & Communication division which makes its smartphones fared a bit worse with profits dropping by 96% to $87.1 million no thanks to the cancellation of the Galaxy Note7.
For quite sometime now I have been rather unenthuse with the crop of
phones (smartphones) been released. Even with all the features that the
likes of Samsung, Apple, Hauwei and the likes tried to talk up during
their release events. Each new device has felt like pretty much the same.
at this year's IFA, Nokia or HMD announced a new flip phone which
piqued my interest. However that interest was short-lived when I saw the
price of the said phone. And ever since then it has left me wondering
who HMD (Nokia) makes these devices for.
Especially since these not quite feature phones cost just as much
as an affordable Android phone. At €89, the 2720 isn't exactly what you
would call affordable especially when you could buy a Xiaomi Redmi Go
for €80, an even more capable Redmi 6A at €90 or even the Nokia 2.2
which costs €90. On the KaiOS side of things, a similarly speced phone
from say energizer costs a third of the price of the Nokia 2720 at €30.
In Nigeria and …
In a time when flagship devices are starting to cost the same as a plot of land and Nokia is sell you a palasa phone for more than 40K. It's quite refreshing to see an OEM that doesn't have its head too far up its arse and that is why Xiaomi will always have a special place in my heart. While i don't own any of their devices, i do love what they are doing. But this story isn't about them and i do love a great bargain.
About a week ago, i sighted something unusual on my mobile carrier's phone page and it was this beauty.
I couldn't believe my eyes and i had to ask their customer service and granted this isn't the iPhone XS MAX or the Galaxy Note 10, i thought that was an exceptionally good offer as i needed a backup device with my old Galaxy Note3 now refusing to power up. I admit it's no iPhone 11, Galaxy S10 or any of the latest Android
Flagship smartphones but I'm rather impressed by my latest buy. I
managed to snag this little beauty fro…