Despite the Note 7 washout, Samsung's shares keep climbing

Despite the Note 7 washout, Samsung's shares keep climbing
We think we can all agree that 2016 was not Samsung's year. First the Samsung Galaxy Note 7 started exploding, then the company's washing machines followed suit. Both were recalled at the company's expense, creating a serious dent in Samsung's finances.

However, Samsung Electronics is still a staple name in the industry and investors seem confident that the South Korean giant will bounce back. This was first proven by the company's shares in the middle of December, when they hit a record high. Said record has now been broken, with Samsung shares selling for $1.86 million won, or $1,550, a piece when the Korean Exchange closed last night. That's 2.82% higher than the closing price of the previous day.

This climb is probably thanks to recent reports that Samsung's operating income for Q4 2016 will see a serious quarter-over-quarter increase, with some analysts predicting an improvement of up to 68%. Considering Samsung had to deal with the financial aftermaths of the Note 7 fiasco, and still didn't go in the red, we'd have to say that the investors' trust is well earned.


via SamMobile

FEATURED VIDEO

15 Comments

1. hungpakto

Posts: 48; Member since: Sep 30, 2016

Legend

2. airoid

Posts: 128; Member since: Dec 13, 2016

Samesing bashers butthurt

3. palmguy

Posts: 982; Member since: Mar 22, 2011

Samsung's the bomb! :-D

6. trojan_horse

Posts: 5868; Member since: May 06, 2016

No pun intended ^^ ?

11. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Noted.

8. SupermanayrB

Posts: 1188; Member since: Mar 20, 2012

That's what you came up with? SMH.

4. xondk

Posts: 1904; Member since: Mar 25, 2014

They make significantly more products then Apple ever has, and they make components to other companies as well. As much as many people want Samsung to fail, Samsung has a smart business setup, providing their customers with a wide variety of items and at least in the eyes of some, good quality and price combinations. As much as Apple is one of the top valuable companies,(only having to battle with alphabet for #1 spot) it is very thin and relies on customers gladly purchasing a product that is compared to factually what is in it and what it costs to create, significantly more expensive then other products, same with their computer line. As long as people keep doing that, they will be fine. But if people suddenly do not want to pay the price for Apple's products they are paying, then because of their relatively few products they can end up crashing big time. All in one basket, which is also why we see more patents slowly branching out by Apple, they know they need to increase their product lineup.

12. sissy246

Posts: 7120; Member since: Mar 04, 2015

"But if people suddenly do not want to pay the price for Apple's products" People are starting to realize they can get just as good or better phones and laptops at better prices and that is why Apple is not doing as good. Not all fans of course, but a lot of fans are getting tried of paying the high cost.

13. xondk

Posts: 1904; Member since: Mar 25, 2014

Yeah, and I mean it was bound to happen, because Apple isn't competing, but selling themselves as something 'different' once people figure out they really aren't different? well yeah. I mean the difference between a Mac and pc? almost entirely OS, plus whatever proprietary changes Apple makes to limit their customers from say, upgrading their hardware easily. But Apple has a lot of momentum, its going to take a while before it is noticed.

5. galaxy-gear

Posts: 119; Member since: Sep 30, 2016

Samsung is empire

7. trojan_horse

Posts: 5868; Member since: May 06, 2016

Samsung rules, nothing else matters. /s

9. SupermanayrB

Posts: 1188; Member since: Mar 20, 2012

"We think we can all agree that 2016 was not Samsung's year." No, you & other Samsung haters wanted/thought 2016 was not Samsungs' year. EVERY company makes a product that malfunctions; whether it be in mass production (phones, engine parts, blenders & other plug in appliances...) or just a few (iPhone 7 blows up issues). Yes, the fact that the entire Note 7 line had to be recalled & then re-recalled WAS a great concern, but let's face it: had they not done the rush job on it or whatever they did to cause it to catch fire, it would've been phone of the year.

10. ebilcake

Posts: 1230; Member since: Jul 16, 2016

Apparently they've signed a new military contract based off technology from the Note 7.

15. blingblingthing

Posts: 971; Member since: Oct 23, 2012

I'm an android fan and this was awesome.

14. blingblingthing

Posts: 971; Member since: Oct 23, 2012

Analyst pretty much expecting S8 to wipe the floor with the 7s or 8. Next Note or name to be announced to dominate of run even with 7s Plus or 8 plus. Go Android

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.