back to article Crisis? What crisis? Samsung is raking in $109m profit a day

Samsung announced new leadership this week following the resignation of CEO Kwon Oh-hyun, and the jailing of the empire's heir apparent. The latter, Lee Jae-yong, had effectively run the chaebol for over two years. He is appealing his five-year sentence for corruption. The company had already indicated third-quarter record …

  1. ratfox
    Paris Hilton

    third-quarter record profits of $12.81bn ... $109m profit a day

    Which means a quarter of 117 days. Is that an imperial quarter?

    1. Anonymous Coward
      Anonymous Coward

      Re: third-quarter record profits of $12.81bn ... $109m profit a day

      This is why they prefer to use standard Reg units in their articles - we're less likely to notice glaring math errors!

  2. The Nazz

    Corruption ...

    is an interesting beast.

  3. djstardust

    So in essence

    The Note 8 costs £150 to make and sells for £869. Nice work boys!

  4. montyburns56

    I guess that that plan to artificially increase RAM prices worked then?

  5. Yet Another Anonymous coward Silver badge

    A good precedent

    Just like companies have to pay $100M bonuses to attract the best CEOs - who then perform worse than average. Why don't we try imprisoning more CEOs to boost profits

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