Sunday, September 18, 2016

Retire 2.5 million of Galaxy Note 7, Samsung – The Economist

Samsung Electronics, based in South Korea, has been a victim of their own mistakes.

Samsung Electronics, based in South Korea, has been a victim of their own mistakes.

The problems in their smartphone Samsung Galaxy Note 7, which has been forced to remove more than 2.5 million units, have contributed to its closest competitor, Apple, has benefited.

The actions of the signing of the apple has had a rebound from the September 9, 11.43 percent.

Since August 19, was put on sale for the Galaxy Note 7 and began to appear reports of overheating of the battery. This led to the roles of Samsung losing 9% at the end of 13 September, in the index Kospi.

The technology giant Samsung Electronics Co Ltd said on Sunday it has sold shares of four companies, including ASML Holding NV and Seagate Technology Plc, to release money and make additional investments in its core business.

Samsung said in a press release that sold about half its shares in ASML, and the total of 4.2% of papers that had Seagate. The company also liquidated its 0.7% stake in Sharp Corp and 4.5% in Rambus Inc.

A spokesman for Samsung refirióa Reuters that the total revenue from sales exceeded one trillion won (888.85 million dollars), but declined to give more details, including the date of the transaction.

A sheet of conditions seen by Reuters on 8 September showed that Samsung was selling about half of its shares in ASML for 606 million euros (675.99 million dollars). The shares of the company in Rambus, Seagate, and Sharp reached a combined total of 456.5 million, according to the closing prices of the securities on Friday.

Samsung Electronics and other affiliates of Samsung Group has been to alienate the non-strategic."There is No impact on the cooperation of business with companies relevant", notified the firm in south korea without giving more details. (With information from Reuters)

valores@eleconomista.COM.mx

LikeTweet

No comments:

Post a Comment