"The brokerage retained its third-quarter operating profit forecast of 8.Samsung's shares were down 3 per cent at 1.KS11."Samsung will need to respond to this quickly in order to calm market jitters," he said.Quality control problems, if confirmed, could deal a major blow to the world;s
China car batteries factory top smartphone maker.A decline in Samsung's smartphone average selling prices and profits appeared inevitable given the current problems with the Galaxy Note 7, he added. The firm has said it is utilizing all possible means to boost production.The firm announced the delays for quality control testing late on Wednesday and also said Galaxy Note 7 shipments to South Korea's top three mobile carriers had been halted, rattling investor hopes for strong second-half mobile earnings.
The South Korean mobile carriers affected are SK Telecom Co Ltd, KT Corp.5 trillion won.Samsung's other premium smartphone models that launched in March, the Galaxy S7 and S7 edge, have been huge hits and lifted earnings in the first half.Hyundai Securities said in a report released on Thursday that the Galaxy Note 7's problems appeared to be related to modules or parts, and that such "malfunctions" should be resolved "within a matter of few weeks.Samsung Electronics sister company Samsung SDI Co Ltd said that while it was one of the suppliers of Galaxy Note 7 batteries, it had received no information to suggest that its batteries were faulty.8 per cent drop for the broader market. South Korean media have reported several similar incidents. 572 million won as of 0150 GMT (0950 ET), compared with a 0.The South Korean firm did not elaborate on what potential problems it was testing for or whether shipments to other countries were affected.Quality control problems, if confirmed, could deal a major blow to the world's top smartphone maker.Samsung has said demand for the new phone is far exceeding demand, creating a shortage and forcing it to push back the launch in some markets."
Apple is supposed to show off the iPhone 7 next week and this issue (with Samsung) has emerged, so the current state of things do not look good," HDC Asset Management fund # manager Park Jung-hoon said.Tech giant Samsung Electronics touched two-week lows on Thursday on concerns for mobile earnings after it delayed shipments of its premium Galaxy Note 7 smartphone amid reports of exploding batteries.Production problems for the curved displays for the Galaxy S6 edge phone resulted in disappointing sales last year, and Samsung risks a repeat this year if it cannot address the Galaxy Note 7 problems quickly.One user posted images of a charred Galaxy Note 7 on a South Korean website called Ppomppu, claiming the phone caught fire while charging.Quality control problems, if confirmed, could deal a major blow to the world's top smartphone maker, which was counting on the Galaxy Note 7 to defend sales momentum against new Apple phones expected to be unveiled next week.