Samsung to launch Galaxy C7 Pro today in India?

Samsung tips huge jump in profit as heir to stand trial

The company's stock is trading near historic highs, despite Lee's troubles and the scrapping past year of its flagship Galaxy Note 7 smartphone due to fire-prone batteries. Samsung Electronics said Friday, April 7, 2017 its first-quarter profit jumped 48 percent likely due to smartphone component s. A few months later, its de facto heir and several top executives were charged with crimes linked to a political scandal that toppled the country's president.

While Samsung will not provide detailed earnings results until the end of April, analysts tipped its chip division to earn a record 5.8 trillion won in January-March and propel the firm to its best overall operating profit since the third quarter of 2013.

Samsung has been facing various challenges since a year ago, including the suspended production of the Galaxy Note 7 phablet and the arrest of the firm's de facto head Lee Jae-young in line with the corruption scandal that led to the ouster of South Korea's president.

Ahead of its first earnings report for 2017, Samsung has posted expectations that it will bring in consolidated operating revenues for the period of approximately 9.9 trillion Korean won ($8.75 billion).

Choi and Park, who are now in custody, have been identified by prosecutors as accomplices.

Orioles hit 4 HRs, beat slumping Blue Jays 6-4
Fans may talk about it, media types certainly are bandying the idea around, but Blue Jays GM Ross Atkins is not having any of it. With reliever Joe Biagini in, Jones singled and after some defensive confusion and an ill-advised rundown, Hardy scored.

Last week, Park was arrested on charges related to abuse of power and accepting bribes. Lee has previously denied the charges, saying that while Samsung did give money to the foundations, he didn't know Choi controlled them nor did he expect anything in return.

The legal team said the prosecutor's charges against Lee were based on "prejudice and prejudgement" and not backed up by evidence.

The Samsung Galaxy S8 series is expected to be highly successful even if it sold 50 million units this year.

Analysts said strong demand for mobile chips and displays for smartphones fueled the stellar profit during the typically slow season for smartphones and television sets. The industry believes the memory chip market since the latter half of previous year has entered a new super cycle, a period of an upturn as the result of replacements with high-performance memory in PCs and strong demand for mobile devices. The S8 was its first major smartphone launch since the fire-prone Galaxy Note 7 fiasco.

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