Images of Samsung's refurbished Galaxy Note7 appear online, packs smaller 3200mAh battery

Apr 18, 2017, 01:43
Images of Samsung's refurbished Galaxy Note7 appear online, packs smaller 3200mAh battery

Samsung Electronics said Friday, April 7, 2017 its first-quarter profit jumped 48 percent likely due to smartphone componen.

Samsung's official earnings report will be announced at the end of this month.

A South Korean court on Friday held the first trial on Samsung heir over bribery charge involving impeached President Park Geun-hye and her longtime confidante Choi Soon-sil. The mobile phone unit is estimated to have generated almost 2 trillion won in operating profit for the first quarter, falling from 3.9 trillion won year-ago period but relatively decent when considering the discontinuation of Galaxy Note 7.

The costly Galaxy Note7 debacle, which led to the recall of about 3 million smartphones because of overheating batteries, seems to be behind Samsung Electronics, with the company forecasting a 48 percent growth in operating profit in the first quarter.

Lee is charged with donating tens of millions of USA dollars to two nonprofit foundations controlled by Choi, who is at the center of the corruption scandal embroiling former President Park.

"We have secured enough evidence proving that defendant Lee Jae-yong made improper requests to the president", said Park Young-soo, the special prosecutor, referring to the Samsung leader by his Korean name. Prosecutors allege the money was given to obtain government backing for a contentious merger of two Samsung companies in 2015 that served as a key step in passing corporate control to Lee from his ailing father.

Lee Jae-Yong denies charges of embezzlement and perjury. While there might be some expected cause for concern, the new batteries have undoubtedly undergone Samsung's latest gamut of quality tests to ensure safety for its consumers. Even the release of the iPhone 8 is likely to boost the margin for Samsung as Apple reportedly ordered some 70 million units of Samsung's OLED panels this year to upgrade its display.

Earlier this week, word got out that Samsung was going to launch a version of the 6.2-inch Galaxy S8 Plus with 6 GB of RAM and 128 GB of onboard storage. The S8 was its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.