Despite the Note 7 washout, Samsung's shares keep climbing
by Damian M. / Jan 09, 2017, 4:10 AM
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.
Posts: 982; Member since: Mar 22, 2011
Samsung's the bomb! :-D
posted on Jan 09, 2017, 5:38 AM 0
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.
posted on Jan 09, 2017, 5:45 AM 3
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.
posted on Jan 09, 2017, 9:19 AM 1
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.
posted on Jan 09, 2017, 1:24 PM 0
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.
posted on Jan 09, 2017, 6:55 AM 3
Posts: 1230; Member since: Jul 16, 2016
Apparently they've signed a new military contract based off technology from the Note 7.
posted on Jan 09, 2017, 8:06 AM 1
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