Browse content similar to 06/01/2017. Check below for episodes and series from the same categories and more!
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Samsung's on track for its best profit in years and pledges to put | :00:14. | :00:20. | |
The boss of Sony tells us why goods and information must | :00:21. | :00:29. | |
Also coming up, Mr Trump locks horns with Toyota over plans to build | :00:30. | :00:42. | |
In the last few hours South Korean tech giant has said it's on track | :00:43. | :01:06. | |
for the best quarterly profits in more than three years. | :01:07. | :01:10. | |
It's a major boost for the company after the exploding smartphone | :01:11. | :01:16. | |
scandal that put a serious dent in its reputation. | :01:17. | :01:19. | |
In the three months to the end of December, Samsung is forecasting | :01:20. | :01:26. | |
That's up by half on the same period last year, much better than expected | :01:27. | :01:37. | |
That might come as a surprise as we know Samsung was forced | :01:38. | :01:44. | |
to scrap its top of the range phone, the Galaxy Note 7, after a spate | :01:45. | :01:50. | |
Hugely embarrassing, and hugely expensive. | :01:51. | :01:52. | |
It has warned the scandal sent more than $5 billion of profit | :01:53. | :01:56. | |
Samsung makes chips and screens for the whole tech industry. | :01:57. | :02:11. | |
Samsung hasn't revealed the details but it's thought to have been | :02:12. | :02:14. | |
the best quarter ever for its semiconductor division. | :02:15. | :02:16. | |
It makes the complex chips that are more and more in demand | :02:17. | :02:21. | |
as phones get smarter, and the prices of those have jumped. | :02:22. | :02:24. | |
So despite the exploding phone scandal, Samsung's investors have | :02:25. | :02:27. | |
had a pretty good year, shares up by almost 50% over | :02:28. | :02:30. | |
We'll be hearing from an expert on all this in 20 minutes' time. | :02:31. | :02:49. | |
Tim Baxter said at the consumer Electronics expo in Las Vegas said | :02:50. | :02:56. | |
they would find out what happened and put it behind them. | :02:57. | :02:57. | |
As you know, this year was a challenging year for Samsung. | :02:58. | :03:00. | |
Some of you were directly impacted and certainly many saw the media | :03:01. | :03:04. | |
coverage, especially about the Note 7. | :03:05. | :03:05. | |
We continue our intensive efforts, internally and with third party | :03:06. | :03:08. | |
experts to understand what happened and to make sure it does | :03:09. | :03:11. | |
And very soon we will be sharing the root cause report | :03:12. | :03:15. | |
of Pelham Smithers Associates is here. | :03:16. | :03:27. | |
Great to have you here, thanks for coming in at this horrible hour. | :03:28. | :03:33. | |
This is an interesting company, I think of it like Amazon, when we | :03:34. | :03:37. | |
think Amazon most think online retail and when we think of Samsung | :03:38. | :03:42. | |
weakening of phones and TVs but both companies make big chunks of money | :03:43. | :03:48. | |
from other areas. Amazon with cloud computing and these guys make it | :03:49. | :03:52. | |
from chips. Chips, screens, yes, stuff like that. In a good year if | :03:53. | :03:56. | |
everything was perfect they would make most money from phones. That | :03:57. | :04:04. | |
and the semiconductors. Semiconductors is the perfect high | :04:05. | :04:07. | |
pressure, everything is going right, they are getting their processing | :04:08. | :04:11. | |
chips into phones from companies like Apple, they are getting their | :04:12. | :04:17. | |
the UNs into their laptops and their flash memory into handsets -- the | :04:18. | :04:31. | |
UNs. Are the UNs chips... For the flash memory they have not gone down | :04:32. | :04:34. | |
anything like as much as they normally would, some chips you | :04:35. | :04:39. | |
expect to fall 30 or 40% a year because you are making so many more | :04:40. | :04:46. | |
and you are making more... If the prices don't come down and you make | :04:47. | :04:51. | |
40% more from the same wafer as you made before, that is glory days. | :04:52. | :04:55. | |
That adds to the profits. You mentioned Apple, I don't know if | :04:56. | :05:01. | |
many people know but they are just huge competitors and all they do is | :05:02. | :05:06. | |
this but if you open an Apple iPhone, Samsung chips are inside. | :05:07. | :05:09. | |
It's amazing that they have to work together and compete. A new phone | :05:10. | :05:15. | |
for Samsung, a big deal next month? That is what is planned, it is a | :05:16. | :05:20. | |
moving feast right now because there is the world Mobile Congress in | :05:21. | :05:24. | |
Barcelona and normally they make it available for that and that's what | :05:25. | :05:28. | |
they are trying to do this year but because of the adverse publicity of | :05:29. | :05:33. | |
the Samsung Note 7 they have to get this right but fortunately for them | :05:34. | :05:39. | |
this is different from the Note. In the UK you don't see the Note ari | :05:40. | :05:44. | |
much because it is more like a PDA with a pen, it is much more popular | :05:45. | :05:50. | |
in Asia, the Galaxy -esque is much more popular in the UK and Europe. | :05:51. | :05:59. | |
-- Galaxy S. They are hoping the audience for the Galaxy S won't be | :06:00. | :06:03. | |
au fait with what happened in the Note and they will be happy with | :06:04. | :06:07. | |
their previous Galaxy Less, as long as they get the publicity right it | :06:08. | :06:12. | |
should be successful. We will wrap up there -- Galaxy S. Thanks for | :06:13. | :06:19. | |
joining us. We are also at the Consumer | :06:20. | :06:21. | |
Electronics Show in Las Vegas where the world's top technology | :06:22. | :06:24. | |
bosses are showing off the latest This week the show's organisers have | :06:25. | :06:27. | |
warned that sales of technology They think political uncertainty | :06:28. | :06:31. | |
might weigh on peoples willingness Our correspondent Rory Cellan Jones | :06:32. | :06:35. | |
spoke to the boss of Sony, Kazuo Hirai, and asked him | :06:36. | :06:47. | |
how concerned he is, particularly about the policies | :06:48. | :06:50. | |
we may get from a Trump presidency. I think that the best course of | :06:51. | :07:03. | |
action at this point is really to see what presidential elect Trump | :07:04. | :07:07. | |
and what his policies will actually be after he's inaugurated and how | :07:08. | :07:12. | |
that's going to impact things like the TPP for example or the | :07:13. | :07:16. | |
continuation of NAFTA. And we'll have to deal with the policies he | :07:17. | :07:23. | |
comes up with at that point and it's difficult for us to second-guess | :07:24. | :07:26. | |
what he's going to be doing. He's appointed a lot of Hawks when it | :07:27. | :07:30. | |
comes to trade, does that worry you, would it be bad for Sony and the | :07:31. | :07:35. | |
rest of the global economy if things like the TPP and other big trade | :07:36. | :07:41. | |
treaties basically were stalled? We are a global company and we | :07:42. | :07:45. | |
manufacture globally as well. So obviously it's very important that | :07:46. | :07:52. | |
free trade is something that we keep an eye on and also the other | :07:53. | :07:56. | |
important thing for us is really to make sure that currency fluctuations | :07:57. | :08:04. | |
are kept to a minimum so that all the currencies are stable and we are | :08:05. | :08:08. | |
able to plan ahead and make the investments were appropriate. We're | :08:09. | :08:11. | |
about to see a new president, Donald Trump, do you have concerns about | :08:12. | :08:16. | |
what that means for trade in particular? I think it's not just | :08:17. | :08:20. | |
President elect Trump but all world leaders, including obviously the | :08:21. | :08:25. | |
leaders of Japan as well, this is a global economy and the free flow of | :08:26. | :08:29. | |
goods, information, is something that is part of our lives today and | :08:30. | :08:34. | |
to try to overregulate that I think it is not good for business. | :08:35. | :08:36. | |
There you go, the big boss of Sony. I am plugged back in and I can hear | :08:37. | :08:41. | |
the voice of God! Let's stay with President-elect | :08:42. | :08:46. | |
Trump, because he has been whipping up a storm | :08:47. | :08:48. | |
on Twitter once again. I will quote, "Toyota Motor said | :08:49. | :08:53. | |
will build a new plant in Baja, Mexico, to build | :08:54. | :08:59. | |
Corolla cars for US. Build plant in US or | :09:00. | :09:03. | |
pay big border tax." American car companies have faced | :09:04. | :09:12. | |
harsh criticism from Mr Trump for building cars more | :09:13. | :09:15. | |
cheaply outside the US. So how is this latest episode | :09:16. | :09:17. | |
going down in Asia? Sharanjit Leyl is following | :09:18. | :09:19. | |
the story for us in our Asia It's having quite a big impact on | :09:20. | :09:27. | |
its shares, in the Asian trade the Nikkei, we saw Tiote shares falling | :09:28. | :09:32. | |
3% when the market opened this morning but it has since recovered | :09:33. | :09:39. | |
-- Toyota. It shows the influence president Dole might be | :09:40. | :09:42. | |
President-elect has in terms of his tweets and when he first tweeted | :09:43. | :09:48. | |
this in the US, the American depository fell, wiping $1.2 billion | :09:49. | :09:53. | |
in value in just five minutes after he tweeted that. -- it shows the | :09:54. | :10:01. | |
influence the President-elect has. The chief of Toyota said they had no | :10:02. | :10:07. | |
plans to curb manufacturing in Mexico and he said that employment | :10:08. | :10:17. | |
numbers would not decrease, he said Toyota was the smallest importer of | :10:18. | :10:22. | |
vehicles from Mexico to the US in 2016. We know the company has plants | :10:23. | :10:35. | |
in the US and they continue to target US carmakers, his tweets, and | :10:36. | :10:40. | |
we saw Ford's decision to cancel plans for a $1.6 billion plant in | :10:41. | :10:45. | |
Mexico. The first time I have seen you this week, Sharanjit, so happy | :10:46. | :10:47. | |
New Year! Don't forget you can get in touch | :10:48. | :10:48. | |
with me and some of the team I will be back in a few minutes to | :10:49. | :10:57. | |
look at some of the papers from around the world. Bye-bye. | :10:58. | :10:59. | |
Bed blocking in the NHS in England has become significantly worse | :11:00. | :11:04. | |
in mental health trusts than in acute hospitals, | :11:05. | :11:07. |