Sci-tech

LG Elec says Q1 operating profit likely up 82 pct y/y

LG Elec says Q1 operating profit likely up 82 pct y/y

Amid a general increase in share price over the last few months, operating profit this year was up 48 per cent from 2016 at 9.9 trillion won ($8.7 billion, 8.2 billion euros), the company forecast.

The major cause for this growth is understood to be the company's component divisions, which have thrived as demand for the company's memory chips and OLED panels has grown.

Iran: President Rouhani registers to run for 2nd term
Ahmadinejad previously said he would not run and would support his former Deputy Hamid Baghaei, who also registered on Wednesday. Trump has criticised the nuclear deal and pledged during his election campaign to stop Iran's missile programme.

But unpicking the complex and powerful hold these family-run firms have over the South Korean economy will take more than just rhetoric.

LG has estimated that its first-quarter operating profit rose 82 percent to its highest in almost eight years. Sales hit 50 trillion won, up 0.44 percent on year but down 6.24 percent on quarter, suggesting the world's largest chipmaker that is also a leader in smartphones and home appliances has done well in high-end products. Samsung stock rose 14 per cent in January-March, its strongest gain since the first quarter of 2012.

Iran complying with 2015 nuclear deal, says US
He had said in January of 2016 after the deal was implemented that "Iran will not get its hands on a nuclear bomb". The deal stipulates that the State Department must notify Congress every 90 days regarding Iran's compliance.

The scandal involves Vice Chairman Jay Y. Lee and several top executives accused of bribery and embezzlement. But that might not be such a bad sign, considering the Galaxy S7 launched in Q1 previous year and the Galaxy S8 isn't going on sale until later this month - not to mention the fact that Samsung doesn't have a new Galaxy Note on sale right now. The company had solid sales of its budget model mobile phones, such as the Galaxy J series.

Ousted president Park Geun-Hye was thrown into jail last week after a court ordered her arrest in connection with the sweeping corruption scandal that brought millions of people onto the streets and saw her impeached. Most analysts suggest that Samsung's chip and display business is continuing to perform better than expectations, they are booming, to say the least. Now although Samsung will release a detailed version of its quarterly results sometime in April, these figures are enough to absorb the fact that Samsung is actually back on track.

Google Home finally adds multi-user support to deliver personalized Assistant results
Smart home hubs are continuing to evolve, and Google just added a pretty important feature to its own hub, the Google Home . Starting today, you'll be able to link multiple accounts to the Google Home - the search giant's always-listening speaker.


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