Samsung Galaxy C7 Pro likely to be launched in India today

The Korean tech giant posted its earnings estimate for the first quarter of this year, with sales amounting to 50 trillion won, or roughly 44 billion USA dollars.

Samsung Electronics forecast its best quarterly profit in more than three years in the January-March period, beating expectations and putting it on track for record annual earnings on the back of a memory-chip super-cycle.

In this March 24, 2017 photo, a man walks past near a logo of Samsung Electronics in Seoul, South Korea. Revenue rose 0.4 percent to 50 trillion won ($44.1 billion). Many thought the company would post some financial losses due to the Galaxy Note 7 battery debacle, but other divisions within the company seem to have performed better than expected.

Samsung has released its Q1 2017 estimates a week after unveiling its 2017 flagship smartphones i.e. the Galaxy S8 and Galaxy S8+ at its "Unpacked" event in NY. The company had solid sales of its budget model mobile phones, such as the Galaxy J series.

Numis Securities Ltd Upgrades Clinigen Group PLC (CLIN) to "Buy"
Great Lakes Advsrs Limited Liability Corporation holds 0.19% of its portfolio in Lindsay Corporation (NYSE:LNN) for 99,371 shares. Shares for $1,063 were sold by BOWER JOSEPH L. $132,352 worth of stock was sold by TISCH JAMES S on Tuesday, December 13.

Following issues with the Note 7, the Korean company suffered its worst decline in smartphone sales, according to tech research firm Gartner.

The global recall of Samsung Galaxy Note 7 actually hammered Samsung with a loss of about $17 billion.

Samsung, which last week unveiled its new flagship smartphone, the Galaxy S8, was helped by strong sales of memory chips. Samsung was forced to recall it late past year after reports of the device overheating and exploding.

Samsung Group's de facto leader appeared in court on Friday after his arrest seven weeks ago on charges including bribery, embezzlement, perjury, diverting assets overseas and concealing gains from a criminal act. Samsung gave or promised to give 43.3 billion won ($38 million) to four entities controlled by Park's friend Choi Soon-sil, who has been charged with misuse of power and meddling in state affairs.

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