Samsung CEO steps down after forecasting Record Earnings
Oct 14, 2017, 00:43
Samsung has two other CEOs, each overseeing its mobile phone business and home appliance division. Operating income nearly tripling to a record 14.5 trillion won ($12.8 billion) in the three months ended September, according to preliminary results.
"As we are confronted with unprecedented crisis inside out, I believe that time has now come for the company to start anew, with a new spirit and young leadership to better respond to challenges arising in the rapidly changing IT industry", Kwon Oh-hyun, 65, said in a letter to employees.
For instance, the Galaxy-maker is expected to report a significant, year-over-year growth in revenue of 62 trillion won ($54 billion) for the current quarter - in comparison to the 47.8 trillion won ($42 billion) generated during the same quarter last year.
With its de facto leader gone, Samsung is clearly struggling at an executive level - and now it has lost vice chair and chief executive Kwon Oh-hyun, generally regarded as the second-most important person at the company behind Lee Jae-yong.
In Antarctica there was a mysterious giant hole
Due to higher precipitation levels in the region and melting ice , the surface is expected to decouple from deeper water layers. The warm water can keep the ice from reforming, but once it cools, it goes to the bottom, allowing the cycle to continue.
We will remind, in August of 2017 49-year-old Vice President of Samsung Electronics and heir to the Samsung Empire, Lee Jae-Yong was convicted by the Seoul court of corruption and breach of trust and sentenced to five years imprisonment.
"In any case, Samsung appears to have re-established some pretty solid footing this year, becoming a pioneer in mobile biometrics technology with the iris scanning capabilities of its award-winning Galaxy S8 devices and the newly-released Note 8 smartphone".
Analysts estimated 14.3 trillion won in operating profit according to financial data provider FactSet. The company's main products - DRAM and NAND memory chips used in smartphones - have also seen an increase in shipments and prices. He also has served as the CEO of Samsung Display since 2016.
Yonhap Infomax data, based on research from 21 securities firms, also showed Samsung is expected to post an operating profit of 16 trillion won in the fourth quarter, up 74 percent from a year earlier.
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I suspect you'd hear it if the casing suddenly popped open, but if it's a glue-related issue it may happen slowly. Or wait for something more exciting from the camp of Android, like the Pixel 2 XL that is coming next week.
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It is no easy thing getting to a World Cup , there are some big countries around the world that are struggling. If that doesn't occur then the trip to Lithuania will certainly be a lot more stressful than necessary.
This block is recommended by the National Highway Traffic Safety Administration but is merely part of voluntary guidelines. Newer infotainment systems often require drivers to avert their eyes from the roads, leading to more risky driving .
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