Samsung will launch new flagship smartphone months after Galaxy S8

LG Electronics says first-quarter profit up 82 percent from year earlier

More than 50,000 Note 7 smartphones were reclaimed from consumers in Australia, where Samsung later crippled the smartphones with software updates and forced them off local phone networks.

Samsung Electronics might launch its upcoming Samsung Galaxy Note 8 during IFA 2017 just like its previous releases of Galaxy Note lineup. That raises hopes the corporation could make up for the misstep and the mammoth recall of the fire-prone Galaxy Note 7s past year.

About 300,000 units of the 3 to 4 million units that Samsung recalled will be sold in South Korea, though the Galaxy Note 7 that will be sold will come with certain changes.

The company during a conference call with investors and analysts on Thursday said that it has conducted a detailed investigation on the reddish tint display issue. It was the most astounding quarterly income followed by the third quarter of 2013.

This aligns with what Samsung said in March: "The objective of introducing refurbished devices is exclusively to reduce and minimize any environmental impact", a Samsung spokesperson told Mashable. It might as well be the Galaxy Note 8. The activist fund had argued that Samsung was significantly overcapitalized and that such a cancellation could help optimize its balance sheet. It likewise reported a share in the buyback ranging up to $2.03 billion.

Another significant take away from this report is that the Korean electronics giant has promised to introduce a new flagship device in the second half of 2017. Samsung has been a big beneficiary of the industry dynamics, as it is the world's largest memory manufacturer. It will be interesting to see if this concept of the Note 8 actually portrays the look of the final retail version. A dual-camera setup is visible in the front, with 13MP sensors.

Following the Korean release, Samsung is expected to roll out the update soon across other countries worldwide.

This area was buoyed by price gains for both DRAM and NAND memory chips as supply growth constraints and demand for more firepower on devices such as smartphones and servers boosted margins, according to Reuters.

In case you were wondering whether Samsung will launch a new Galaxy Note model this year, you can rest assured that it's happening.

Source: Samsung will launch new flagship smartphone months after Galaxy S8