الأربعاء، 26 أبريل 2017

Samsung retains top spot in US home appliance market

Samsung has been the undisputed king of the US home appliance market for some time now and it’s a similar story in the first quarter of 2017. Market research firm TraQline found that Samsung had clinched the top spot from Whirlpool the US home appliance market.

TraQline is out with a new report today which shows that Samsung retained its top spot in the US home appliance market in the first quarter of this year as well.

Improved sales of fridges and washing machines have enabled the company to expand its market share to 19.2 percent of the entire market. This sales-based figure is up 4.5 percent points from the same time last year.

Choi Ik-soo, an executive vice president at Samsung Electronics, said that the company’s FlexWash and FlexDry washing and drying system is gaining popularity in the country while its Family Hub refrigerators are also bringing in a lot of customers.

Samsung has now been the leader in the US home appliance market for the fourth consecutive quarter ever since it emerged as the market leader in Q2 2016 with a 16.7 percent market share.



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Samsung Electronics rejects holding company structure

Samsung Electronics received a restructuring proposal from US activist hedge fund and minority shareholder Elliott Associates which proposed that the company be split into two. It called for setting up an operational and holding company and listing the latter on external exchanges in order to significantly boost shareholder value.

Samsung took its time to study the proposal in detail and at its annual shareholder meeting last month said that it was not going to adopt a holding company structure for now. However, at that time, it didn’t completely rule out the possibility.

It has done that today, though. Samsung has said that the company’s Board of Directors has decided not to convert to a holding company structure.

A comprehensive review conducted with external advisors has revealed that a holding company structure will not strengthen the competitiveness of Samsung’s business and may potentially weigh on its operations in the long-term.

The review also highlighted some issues that may crop up if the proposal is to be accepted. Creating a holding company would require divestments of equity stakes held by Samsung Electronics and its affiliates. This will require approval from directors and shareholders of all relevant companies and can thus not be implemented by Samsung Electronics alone.

Existing laws will also force the company’s financial affiliates to divest part or all of their stakes. This might lead to volatility in the company’s share price. The uncertainty of the legal and regulatory environment has also been deemed not conducive to such a major change.

Samsung has thus concluded that the risks and the challenging environment associated with a fundamental change in corporate structure would not be beneficial for enhancing shareholder value and sustaining growth for the business in the long-term.

It believes that the holding company structure does not have clear benefits compared to Samsung Electronics’ current business structure.



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Samsung Electronics decides to cancel treasury shares worth $43 billion

As the name suggests, treasury shares are those that a company keeps in its own treasury. It either comes from a repurchase or buyback from shareholders or it may be stock that was never issued.

Samsung Electronics today announced that the company’s Board of Directors has approved a plan to cancel all existing treasury shares held by the company. At present value, the treasury shares held by Samsung Electronics are worth almost $43 billion.

The treasury stock was retained by the company to use as a financial resource for merger and acquisition transactions as well as for securing talented professionals. However, it feels that the strong balance sheet and increase in cash holdings of the company have reduced the need to hold treasury shares.

To limit the impact on the financial market as the value of these shares exceeds $40 billion, Samsung is going to cancel them in two stages. The first stage will see the cancellation of 50 percent of the holding which is about 9 million common and 1.6 million preferred shares. The remainder will be canceled after the board’s approval in 2018.

Samsung holds 17,981,686 of common shares which accounts for 12.9 percent of the outstanding common stock and 3,229,693 of preferred shares which equal to 15.9 percent of the outstanding preferred stock in its treasury. This step is part of Samsung’s commitment to enhance long-term value for shareholders.



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Samsung confirms new flagship smartphone launch for the second half of 2017

Samsung posted its Q1 2017 earnings today and it’s evident that the Galaxy Note 7′s demise contributed to the decline in revenue from the mobile business as Samsung didn’t have a new flagship smartphone on the market.

It’s now planning to turn things around by maximizing sales of the Galaxy S8 and Galaxy S8+ while also confirming that another flagship smartphone is due in the second half of this year.

Samsung normally launches a new Galaxy Note flagship in the second half of the year, that’s what it has been doing for the past few years. However, there was some speculation last year that perhaps it might ditch the Galaxy Note lineup altogether.

That might not be the case, though, given that Samsung has previously said that the Galaxy Note lineup isn’t going anywhere and that a new handset will be launched in 2017. The fact that it has reiterated the launch of a second flagship in the earnings release goes to show that Samsung is surely going to go ahead with it.

Whether or not the upcoming flagship carries the tainted Galaxy Note branding remains to be seen.



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Samsung posts highest-ever Q1 operating profit on revenue of $44.7 billion

Samsung shared its earnings guidance for the first quarter of 2017 last month. It expected the operating profit to come in at 10.1 trillion won or $9 billion. The company today reported its Q1 2017 earnings and hasn’t strayed too far from its guidance.

Samsung brought in an operating profit of 9.9 trillion won or $8.7 billion. This makes Q1 2017 Samsung’s second-best quarter ever and also represents the highest-ever operating profit for the January to March period. Overall revenue came in at 50.55 trillion won or $44.7 billion.

The company points out that revenue from its mobile business fell during the quarter due to a decline in flagship product sales. However, its quarter was salvaged by increased sales for the memory and display businesses. Profits were driven by the semiconductor and display panel segments.

Samsung mentions in the earnings release that even though smartphone and tablet demand saw a slight decrease quarter-over-quarter, smartphone shipments actually increased slightly during this period.

This was primarily due to the new Galaxy A (2017) series and robust sales in the mid- to low-end segment in emerging markets. The division’s overall profits decreased due to price adjustments of the Galaxy S7 and Galaxy S7 edge.

The company is looking to improve the performance of its handset division year-over-year by maximizing sales of the Galaxy S8 and Galaxy S8+ this quarter but it does expect competition to intensify with newly launched smartphones in the market.

samsung-earnings-q1-2017



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Wallpaper Wednesday: Illustration

Welcome to the latest edition of Wallpaper Wednesday. This week we’re focusing our attention on five illustrated backgrounds. All of the images are available in a suitable resolution for the Galaxy S8, Galaxy S8+ and just about any other smartphone (or even tablet) on the market.

If any of the following images float your boat and you want to download and set one as your wallpaper, simply tap on a photo to maximise it, then click and hold to save it. Once the picture is stored locally, open up Settings, locate and select Wallpaper, then press the image to set it as your background.

Alternatively, you can download a ZIP file containing all of this week’s backdrops by hitting the Download button at the very bottom of this post.

Animals

Animals

Bear

Bear

Lake

Lake

Thieves

Thieves

Town

Town

Download

Note: We’ve tried our best to identify the creators of all of the wallpapers featured in this week’s column. However, the images appear to lack copyright information, artist signatures or any real trace of origin. If you created a wallpaper we’ve posted and would like credit, or would rather we remove the image, kindly contact us.



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SamMobile Daily Recap: April 26, 2017 — Galaxy Note 7, Galaxy S8 and more!

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