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in profits in more than four years due to faulty memory chip prices and slowing smartphone sales the south korean electronics giant's profits tumbled more than sixty percent in the first quarter to five and a half a billion dollars one positive was the bigger than expected to demand for eighteen flagship device the galaxy s ten smartphone however the sales increase was not enough to compensate for the steep semiconductor decline. well. on a more positive note to though today samsung rolls out its first five g. capable smartphone just in time for the country's launch of the world's first five g. network. it's being compared to the moon landings s.k. telecom's c.e.o. park junko describes the advent of five g. mobile networking technology as
ProfitsSouth-koreaSmartphone-salesMemory-chip-pricesElectronics-giantFourSmartphoneQuarterSalesFlagship-deviceGalaxyA-billion-dollarsbillion dollars one positive for some of them was the bigger than expected demand for its new flagship device the galaxy s ten smartphone however the sales increase was not enough to compensate for the steep semiconductor decline. while in a more positive note. today rolls out its first five g. capable smartphone just in time for the country's launch of the world's first five g. network. service korea's telecom providers are the first to unveil the newest internet technology for s.k. telecom c.e.o. park john ho it was clear like landing on the moon five g. will be a giant step for mankind. the new mobile internet will be one hundred times faster than the previous four g. systems s.k. telecom's network of has eighty five cities and towns using thirty four thousand base stations it hopes to sign up one million subscribers this year a consortium of the s k l g u plus in korea telecom launched a five g.
SomeSmartphoneDemandSalesPositiveSemiconductor-declineFlagship-deviceGalaxyOneTenWorldCountrylukewarm response to what should be the company's crown jewel. the iphone x. when announcing the flagship device -- >> it is the biggest leap forward since the original iphone. >> reporter: -- ceo tim cook heaped endless praise on the product. but the company is lowering its first quarter sales forecast. apple has declined request for comment. but a potential cause of waning interest, the $999 price tag. the sticker shock a sticking point for die hard iphone users. >> would you rather pay $1,000 for a phone or pay $1,000 for a laptop? i'm just comparing. >> reporter: some seeking out lower models saying the tech advances don't justify spending a grand. >> sometimes the price tag is kind of outrun what we're getting. >> reporter: the problem may also go deeper than just a high price with some pointing to apple fatigue. some unimpressed with the new screen size, the loss of headphone jacks, and facial recognition technology.
ReporterResponseCompanyFlagship-deviceDie-hard-iphoneTim-cookLeapIphone-xCrown-jewelSalesCauseAppleallergytry new xyzal®.ou have symptoms like these with code tv10. for relief is as effective at hour 24 as hour one. so be wise all take new xyzal®. so, ten years after steve jobs -- >> ten years. >> you are old. >> miss my blackberry. >> ten years since he unveiled the iphone, apple released a new flagship device. >> the first iphone changed the world in the process. now, ten years later, it is only fitting that we are here in this place, on this day, to reveal a product that will set the path
SymptomsReliefXyzalCode-tv10AllergytryOu24OneSteve-jobsBlackberryTenWorlddodgers or the nationals. they're tied 2-2 in their series. this is the biggest ninth inning win to win in history. >> is it going to be easier? >> easier for me, i'm awake at the end of the game. let's get an early start on "your money." stock futures pointing slightly lower. the dow dropped 200 points after weak correspondent earnings. stock market in asia, you see their trading lower. oil just above 51 bucks a barrel. another blow for samsung this morning. we told you yesterday it's going to kill off the galaxy 7 smartphone after replacement models caught fire. well, now, the company is slashing its company forecast profits by a third. it expects to make $2.3 billion less this quarters. experts say the total cost of killing the flagship device should reach $10 billion. >> ouch. even the prospect of owning a top cabinet position may not
Last-nightDodgersNationalsNinth-inning-winHistory2GameMoneyPointsDowStock-marketTradingprofit forecast by a third. expects to make $2.3 billion less this quarter. experts say killing the product for the flagship device could reach $10 billion. that's real money. even the prospect of holding a top government convinced sheryl sandberg to leave facebook. recent reports claim sandberg is being eyed as treasury secretary if hillary clinton wins the election. asked about that yesterday, sandberg said, quote, i'm staying at facebook. end quote. she shot down that as well saying she's very happy at facebook. so she may not be joining the clinton administration if there is one. but she is donating to the cause. sandberg is one of the so-called hill blazers donating $100,000 to clinton's campaign. big news in the money world this morning. a new app that will change the way you get your business news. it's called cnn money stream.
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