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dunyanews : Samsung Targets a Big Comeback after Note 7 Disastrous Failure

Samsung vows mobile rebound, dangles buyback after Note 7 shock

Samsung vows mobile rebound, dangles buyback after Note 7 shock

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Samsung Vows to Make a Comeback as Note 7 Sends Profit Plunging

Samsung Vows to Make a Comeback as Note 7 Sends Profit Plunging

Samsung Electronics ssnlf on Thursday said it aims to recover quickly from the disastrous withdrawal of the fire-prone Galaxy Note 7 that dragged third-quarter mobile earnings to their lowest level in nearly eight years.The South Korean giant said it was expanding its probe into the Note 7 fires beyond batteries, as it tried to reassure investors that it would get to the bottom of one of the worst product failures in tech history.It also held out the prospect of greater returns by disclosing considerations of a share buyback, talked up its semiconductor business and promised to consider proposals for a corporate makeover from U.S. hedge fund Elliott Management.

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Samsung Targets a Big Comeback after Note 7 Disastrous Failure

Samsung Targets a Big Comeback after Note 7 Disastrous Failure

484 SHARES Share Tweet RedditSamsung Electronics Co LTD vowed to recover from the recent disastrous withdrawal of its Galaxy Note 7 that dragged their earnings to the lowest level in nearly eight years.The technology giant has released statements about expanding its investigation about Note 7’s exploding battery and assured its investors they would get to the bottom of one of the worst technological failure in history.Co-Chief Executive J.K. Shin said at a general meeting in Seoul, “We know we must work hard to earn back your trust and we are committed to doing just that.”Investors voted on Thursday to make Samsung Group’s de facto chief, Jay Y. Lee, as Samsung Electronics director in response to the Note 7 battery failure.

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Samsung offers upgrade program for South Korea Note 7 customers

Samsung offers upgrade program for South Korea Note 7 customers

A model poses for photographs with Samsung Electronics’ new smartphone Galaxy S7 during its launching ceremony in Seoul, South Korea, March 10, 2016.REUTERS/Kim Hong-Ji – RTSA41MSEOUL Samsung Electronics is offering an upgrade program option to Galaxy Note 7 customers in South Korea who trade in their recalled device for a Galaxy S7 phone, marking its latest attempt to retain customers.In a statement on Monday, Samsung said customers who trade in their Note 7 phone for either a flat-screen or curved-screen version of the Galaxy S7 can trade up for a Galaxy S8 or Note 8 smartphone launching next year through an upgrade program.

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