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Samsung to Sell it's Printer Business for $1.8B to Cover Costs of $1B+ Note 7 Recall
- Thread starter Kevsta26
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I mean I'm not certain that is the reason Samsung is selling their printer business, but that seems like a pretty big coincidence to be false
I hope they sell everybody. Especially since they can get money for it now. I am curious to see what 'apple iphone' version Google can make out of their Android platform. If it's certified developers only applications, optimised hardware/software combination, and upgrades properly tested and available each time, together with a clean phone without the telecom crap on top of it. Then Android might start look like a worthy alternative to recommend to people who don't like AppleI mean I'm not certain that is the reason Samsung is selling their printer business, but that seems like a pretty big coincidence to be false
As long as they don't rush to release it before Apple. We all see how that worked out for Samsung
I use what works for me, if Microsoft tomorro... nope.. I just can't say it. Sorry.As long as they don't rush to release it before Apple. We all see how that worked out for Samsung
Yeah, sigh, I am happy with my Apple stuff.. it feels like it had thoughts put into it, and not just 'how do we beat them to that feature'.
I mean I'm not certain that is the reason Samsung is selling their printer business, but that seems like a pretty big coincidence to be false
Totally coincidental. If you followed Samsung, you'd know that the two events have nothing to do with each other.
Heck, the printer division makes a profit of well over a billion a year, so it would make more sense to hold onto it and use that profit to pay for the recall
In reality, the printer sale is part of an ongoing divesture of smaller divisions that the incoming chairman has been working on for the past couple of years. It's obviously been in the works for a while, and will still need another year to complete.
As for paying for the recall, they have plenty of money for that.
Sometimes a cigar really is just a cigar.
Totally coincidental. If you followed Samsung, you'd know that the two events have nothing to do with each other.
Heck, the printer division makes a profit of well over a billion a year, so it would make more sense to hold onto it and use that profit to pay for the recall
In reality, the printer sale is part of an ongoing divesture of smaller divisions that the incoming chairman has been working on for the past couple of years. It's obviously been in the works for a while, and will still need another year to complete.
As for paying for the recall, they have plenty of money for that.
Sometimes a cigar really is just a cigar.
Of course they have $1B in their "wallet" to cover the recall...
But it's a lot of things adding up:
- Low S6 sales
- Low Note 5 sales
- Exploding batteries not only affect the Note 7 right now, but damage the brand's image and future Note 7 sales even if the problem is solved
- Didn't get the contract to manufacture chips for Apple
That's all quite different from proposing that this sale was suddenly initiated to pay for the recall.
As mentioned, Samsung's incoming chairman has been shedding minor divisions in order that he will be able to concentrate more on their major revenue producing products.
As mentioned, Samsung's incoming chairman has been shedding minor divisions in order that he will be able to concentrate more on their major revenue producing products.
Common sense: Assuming that this sale is just because of the Note 7 disaster, which is obviously unexpected to Samsung and HP, who would seriously think that a deal like selling Samsung's printer division could happen _that fast_? Well, some people would think it, but they would be completely wrong. It's a two billion dollar deal, that doesn't happen in six weeks.
I had one of the cheap Samsung Colour Laser printers, and I had no problems with it whatsoever. Worked with Macs and iPads just fine, no problems whatsoever. I'd recommend it to anybody if you can find it at a good price.
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The next flagship release from Samsung will have dual cameras or some other camera enhancement. They will make sure they win on the spec sheet, with possible everything except the chipset, as apple seems to reign supreme in that area (and other areas as well).
Well Samsung is selling more than their printer business to pay for the note 7 exploding fiasco.
Samsung Sells Stake In Four Firms To Pay For Galaxy Recall
http://www.investopedia.com/news/samsung-sells-stake-four-firms-pay-galaxy-recall-snslf-aapl/
Samsung Sells Stake In Four Firms To Pay For Galaxy Recall
http://www.investopedia.com/news/samsung-sells-stake-four-firms-pay-galaxy-recall-snslf-aapl/
Sounds like a good idea Samsung... Bet you'll think twice before letting this happen again.
Although it happens to the best of us. if u are relying on selling millions of Note 7's exploding batteries happen, then its an expensive exercise to learn from.