Published: Thu, April 13, 2017
Tech | By Constance Martin

Images of Samsung's refurbished Galaxy Note7 appear online, packs smaller 3200mAh battery

South Korea's LG Electronics Inc estimated on Friday its first-quarter operating profit rose 82 percent to its highest in almost eight years, handily beating market expectations on healthy sales of appliances and televisions. As per a report, Analysts claims that Samsung must have generated about $1.8 billion worth of profit in Q1 2017 after incurring a hefty loss of $5.3 billion previous year due to the Galaxy Note 7.

Last month, Samsung announced plans to bring back the recalled Galaxy Note 7 in select regions.

Its vice-chairman Lee Jae-Yong, heir to the parent Samsung group, has since been arrested and indicted for bribery, along with four other senior executives, in connection with a graft scandal that saw ex-president Park Geun-Hye impeached.

The Galaxy C9 Pro is the latest handset of the C Series to make a debut in emerging markets.

ETNews says that Samsung Display will ship 70 to 92 million OLED screens to Apple during the course of this year, meaning that the iPhone 8 might account for 30% of Apple's total sales. The Samsung Galaxy C7 Pro tries to standout from other Samsung smartphone by opting for a full metal unibody which is just 7mm thick. He added that sales of mid-to-low tier smartphones also helped the mobile business remain profitable. Sales of its new G6 flagship smartphone began in March and will not provide meaningful contributions until the second quarter.

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Memory chips and flexible displays accounted for about 68 percent of Samsung's operating profit in the final quarter of 2016.

"Galaxy C7 Pro is a slim and stunning device which comes packed with powerful features for unparalleled multitasking and multimedia experience", said Sandeep Singh Arora, Vice President, Online Business, Samsung India.

It was about two months ago that one of the first rumors began circulating that Samsung would reintroduce the Galaxy Note7 to the market as a refurbished device.

Analysts also said Samsung was likely to continue benefiting from the strong global demand for memory chips, especially NAND flash memory chips used for long-term data storage, throughout this year.

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