Samsung may launch Galaxy C7 Pro in India today

Apple's rival Samsung Electronics forecast its best quarterly profit in more than three years in the January-March period, Reuters reported Friday. The root cause of the Note 7 recall was due to two separate battery issues and it seems Samsung is addressing the issue by reducing the battery to a 3,200mAh battery, which is 300mAh less than what the first variation of the Galaxy Note 7. The S8 was its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.

The photos shown here are of a Galaxy Note 7 that turned up in Vietnam, although it's not clear if the device was sold legitimately.

As the Galaxy Note 7 was discontinued, users who wanted to purchase the phone opted for a Galaxy S7 device instead.

The South Korean OEM also expects to maximize its Q1 2016 sales from 49.78 trillion won, (approximately $44 billion) in 2016, to 50 trillion won (approximately $44.2 billion) in Q1 2017. Though Samsung has not spilled the beans regarding what will be unveiled, most likely the company is going to launch the Galaxy C7 Pro or the Galaxy C5 Pro smartphone in the country.

If the global chip business continues to post robust performances, Samsung's annual operating profit may hover far above 40 trillion won this year coupled with smartphone sales, they added.

While some companies have been struggling financially for quite a bit now, Samsung has been able to hold strong over the last couple of years.

Lee's defence lawyers however said the payments to Choi were charitable contributions for sports and culture development that Samsung was obliged to make under pressure from officials, and not bribes.

The trial of Samsung Electronics' vice chairman Lee Jae-yong has gotten underway following a pretrial hearing last month.

The fact that Jay Y Lee, heir to South Korea's largest corporation, Samsung Group, is embroiled in charges that he bribed a confidante of former South Korean president Park Geun-hye and conspired to cover it up, did not, however affect investor confidence in the group.

The verdict is expected to be delivered in late May.

Recommended News

  • Schiavone puts retirement off a bit longer with Bogota title

    Schiavone puts retirement off a bit longer with Bogota title

    Even for a Grand Slam titlist who played her first professional match over two decades ago, winning never gets old. I'm enjoying tennis", the Italian told the WTA website. "I felt very excited to be playing my game".

    Jefferies & Co reiterated John Wood Group PLC (ADR) (LON:WG) as 'Underperform'

    Now 8 brokers are covering NMC Health (LON:NMC), 8 rate it "Strong Buy", 0 "Buy", 0 "Sell", 0 "Strong Sell", while 0 "Neutral". The stock of Del Taco Restaurants Inc (NASDAQ:TACO) earned "Buy" rating by Citigroup on Tuesday, September 13.

    Switch is now the fastest-selling system in Nintendo's history

    Even though sales have been off to a fast start, Nintendo hasn't been able to keep up with demand for the console. It's highly likely that one of these projects is Darksiders Warmastered for Nintendo Switch.
  • Gorsuch is Chatty Cathy in Supreme Court debut

    Gorsuch is Chatty Cathy in Supreme Court debut

    He was sworn in on April 10 , leaving him a week to prepare for the current and final round of cases of this Supreme Court term. Lastly, for a shot biography, including affiliations and past positions, you can look at Justice Gorsuch's profile on Westlaw .
    Big rig drags vehicle  for 4 miles

    Big rig drags vehicle for 4 miles

    Somehow on Wednesday, a Nissan driving on a Southern California freeway got wedged into the rear wheels of a tandem truck. The California Highway Patrol confirmed the incident, but the agency was unaware of any video posted online.
    Borussia Dortmund 'Forced to Play' AS Monaco After Bus Attack, Claims Coach

    Borussia Dortmund 'Forced to Play' AS Monaco After Bus Attack, Claims Coach

    But Tuchel claimed Dortmund wanted a longer period in which to evaluate the situation before playing again. UEFA spokesman Pedro Pinto told The Associated Press the governing body was in touch with all parties.
  • Arkansas court blocks 1 execution set for Thursday

    Arkansas court blocks 1 execution set for Thursday

    The Supreme Court has the final say on nearly every execution, and the justices reject all but a few emergency appeals by inmates. The company says it is prohibited by contract with the drug's manufacturer from selling its products to be used in executions.
    Bill O'Reilly Out at Fox, Lineup Shaken Up

    Bill O'Reilly Out at Fox, Lineup Shaken Up

    Olbermann said that when he was working at Fox Sports in 1999, he helped a friend get a job at Fox News . That multiplying effect gave O'Reilly a role in a seismic change, he said.

    Canada: Trump wrong when he says dairy practices unfair

    We have had concerns over the NAFTA renegotiation for a long time, " said Agriculture NDP spokesperson Ruth Ellen Brosseau. He didn't say exactly how he was going to rectify the "unfair" situation between Canadian and US dairy producers.
  • Donald Trump pushes for 'buy American, hire American'

    Donald Trump pushes for 'buy American, hire American'

    H-1B visas admit 65,000 workers and another 20,000 graduate student workers each year, mainly in the tech sector. The order also asks agencies to assess the use of waivers.
    NFL Draft: Breaking down Stanford RB Christian McCaffrey

    NFL Draft: Breaking down Stanford RB Christian McCaffrey

    With names like Quinn, Weeden, Couch and even Manziel all first-round picks that at the end of the day just could not get it done. So which ones will you most likely be watching on Sundays? But for most of the past four-to-six weeks, Thomas has been the pick.

    Reasons Why Writer Nic Sheff Defends The Netflix Series In Open Letter

    The cast of gripping Netflix series 13 Reasons Why were treated to on-set dogs to help them deal with the hard scenes. If you are squeamish or sensitive to graphic depictions of suicide, this is not the show for you.

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.