Samsung has started firmware development for the Galaxy Note 8

The report is a counter to the company's costly failure past year with the fire-prone Galaxy Note 7 device.

The company surprised analysts in January when it predicted a similar rise in earnings for the final quarter of 2016, even though operating profits for its smartphone division had plummeted by 98% in the third quarter alone as the Note 7 fiasco took hold.

It comes as the technology firm reported a 48% jump in profits during the first three months of 2017, despite the failure of its Galaxy Note 7 handset past year.

Profits are expected to have increased by a very big 48% and the company says the profit for Q1 2017 was likely $8.8 billion, or 9.9 trillion won. Revenue jumped 0.4 percent to 50 trillion won, above the analysts' forecasts.

The strong comeback was a result of booming sales of memory chips and flat-panel displays, Samsung said.

Although its IT and mobile business is presumed to have posted lackluster earnings on the suspension of the ill-fated Galaxy Note 7, industry watchers said the Galaxy S8 and the Galaxy S8 Plus, which will hit shelves this month, will help the company recoup earnings down the road. Previously, the smartphone business was the company's main contributor.

It's an Orca! Last Killer Whale is Born at a SeaWorld Park
The pair will provide data and samples to studies focused on killer whale growth and metabolism. She previously given birth to four other calves - two of them are at SeaWorld San Antonio .

The latest release of the Galaxy C7 Pro in India is basically what underpins this statement, but the phone is not the first in the Galaxy C series to make it to one of the most promising emerging markets.

Some researchers forecast the S8, which sports the largest screens for Samsung high-end smartphones to date, would set a new first-year sales record. He and Samsung have denied wrongdoing.

Nevertheless, the latest financial figures show how Samsung has managed to overcome all the obstacles after messing up with one of its flagship products a year ago.

This is on top of the political scandal that has engulfed the entire country of South Korea too. It led to the suspension of President Park Geun-hye for allegedly receiving bribes.

The Seoul district court is expected to give its ruling in May. Samsung Group's de facto leader appeared in court on Friday after his arrest seven weeks ago on charges including bribery, embezzlement, perjury, diverting assets overseas and concealing gains from a criminal act.

Recommended News

  • Tech firms walk U.S.  visa tightrope

    Tech firms walk U.S. visa tightrope

    The executive order aims to shift the visa program from a lottery system to targeting jobs with a high need for skilled workers. The order tightens the rules for technology companies seeking to bring highly skilled foreign workers to the United States.

    Universal Health Realty Income Trust (NYSE:UHT) Valuation According To Analysts

    The Fund's investment objective is to generate both current income and capital appreciation, through equity and debt investments. Elkfork Partners LLC bought a new position in Acadia Realty Trust during the fourth quarter valued at approximately $106,000.

    Canada is not the challenge for United States dairy, Trudeau says

    "It's not Canada that's the challenge here", Trudeau said Thursday, saying the USA has a large dairy trade surplus with Canada. The threat to get rid of or alter NAFTA is a potential problem for Canada, whose biggest trade partner is the United States.
  • Macmillan backs Bill O'Reilly after Fox News sacking

    Macmillan backs Bill O'Reilly after Fox News sacking

    With the money came the agreement that the women would not file lawsuits or speak publicly about their allegations. Before and after the accusations, O'Reilly remained one of the most popular commentators on cable news.
    Trump group's ads bolstering GOP Obamacare repeal drive

    Trump group's ads bolstering GOP Obamacare repeal drive

    According to Height Securities, insurers are getting desperate to know whether or not they will be receiving their funding. But Republicans will prop up its stinking corpse, Weekend-at-Bernie's style, until the president allows them to stop.

    Trump administration will review and reform S. Korea-US FTA: Pence

    In Japan, Vice President Pence reiterated America's commitment to the denuclearization of the Korean peninsula. Sakakibara said he explained to Pence how Japanese corporate activities have contributed to the USA economy.
  • Russia Blocks US-Drafted UN Statement Condemning North Korea Tests

    Russia Blocks US-Drafted UN Statement Condemning North Korea Tests

    Security Council on Thursday unanimously adopted a press statement strongly condemning North Korea's latest missile launch. The statement, which was tabled by the U.S. , would also tell North Korea not to conduct further nuclear tests.
    QUALCOMM, Inc. Q2 Earnings Top View, Q3 Outlook In-Line

    QUALCOMM, Inc. Q2 Earnings Top View, Q3 Outlook In-Line

    Oppenheimer Holdings, Inc. restated a market perform rating on shares of QUALCOMM in a research report on Monday, January 30th. The bad news is that Qualcomm may not be out of the woods yet as the stock remains quite weak compared with other chip stocks.

    Jeremy Corbyn vows to tackle 'rigged system' in battle with 'Establishment'

    This is further ahead of Labour than at any point in nearly a decade, and during Mr Corbyn's leadership. He made clear Labour's manifesto would be "fully costed and will be all accounted for and paid for".
  • With Panamagate verdict, Sharif now at 'mercy' of Pak Army

    With Panamagate verdict, Sharif now at 'mercy' of Pak Army

    Almeida said the prime minister's main vulnerability was the continuing electricity crisis, which he had been unable to solve. Sharif's ruling PML-N party insists the wealth was acquired legally through family businesses in Pakistan and the Gulf.
    Exercise May Be Contagious

    Exercise May Be Contagious

    And perhaps not surprisingly, the researchers noted a stronger influence among same sex friends than mixed sex friends. The study offered other compelling findings on the factors that make exercise more or less contagious.

    Guardiola hoping Kompany stays fit after ending goal drought

    Guardiola's men also have the FA Cup to look forward to, with a game against Arsenal scheduled in the semi-finals next weekend. Everton are reported to be showing an interest in Manchester City defender Vincent Kompany, who faces an uncertain future.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.