Tuesday, January 24, 2017
Samsung skips Barcelona unveiling for Galaxy S8
SEOUL - Tech giant Samsung Electronics Co. Ltd. said on Monday it would not unveil its Galaxy S8 smartphone at the Mobile World Congress (MWC) trade show this year, suggesting the flagship model's launch may be later in the year than its 2016 version.
Samsung mobile chief Koh Dong-jin said the phone would not get a launch event at the MWC event in Barcelona, which begins on Feb. 27, unlike the previous Galaxy S smartphones.
Koh did not comment on when the company planned to launch the new handset, the first premium model Samsung is due to release since the failure of its Note 7 flagship device in October over safety issues.
The firm showed off the Galaxy S7 on the sidelines of MWC in February 2016, and started selling the phones in March.
Samsung reported a 50.2 percent jump in fourth-quarter profits on Tuesday despite the humiliating Galaxy Note 7 recall.
In a statement, Samsung said it posted operating profits of 9.22 trillion won (US$7.9 billion) during the October to December period.
Earnings were "driven by the components businesses, mainly the memory business and the display panel segment," it said, with the stronger US dollar also boosting profits.
Revenues were largely unchanged at 53.3 trillion won for the three months, the South Korean tech giant said.
For the full year, it said in a statement, "Samsung achieved solid results despite the Note 7 discontinuation in the second half" -- the only reference to the debacle that saw the company withdraw its flagship device.
Earlier this week it blamed faulty batteries from two different suppliers for the incidents.
Operating profits for 2016 reached 29.2 trillion won, up 10.7 percent year-on-year, the firm said, even though revenues were almost flat at 201.9 trillion won, up 0.6 percent.
source: news.abs-cbn.com