Samsung and Apple to sell off smartphone hardware, software in bid to reduce debt

Samsung and Apple to sell off smartphone hardware, software in bid to reduce debt

Samsung and other electronics manufacturers are expected to announce plans for a $2 billion sale of smartphone hardware and software this year, as they attempt to reduce their debts to make more cash to meet mounting costs of operating and marketing smartphones.

Samsung and Google, the global smartphone maker, announced earlier this month that they plan to sell their remaining assets, including their manufacturing plants and patents, and plan to merge their businesses.

The move is aimed at lowering their debt by buying up patents and technology to make money off of smartphones, which have seen the rise of Apple and Google.

The combined companies would also have the ability to buy back shares of existing Samsung and Android handset makers to help offset future losses.

Samsung shares have risen since the announcement, and Apple shares have fallen more than 30 percent.

Samsung’s shares have also fallen about 10 percent since the news, and Google shares have gained about 10.7 percent.

Analysts at FactSet have called the news a good move by Samsung and its rivals.

Samsung expects to have $1.7 billion in cash left on hand by the end of this year.

Apple, meanwhile, expects to receive $2.4 billion in free cash flow by the first quarter of 2019, a profit of $7 billion.

In a note to investors, Samsung said it expects to report its fourth-quarter earnings on Aug. 21.

The company will report an adjusted earnings per share of $2,854, or about 6 cents, down from $3,946, or 8 cents, a year ago.

Apple is expected to report earnings per common share of about 23 cents, up from 22 cents, and profit per share up from 25 cents.

The companies have not given any forecasts on when they plan a merger, but analysts expect to see Samsung merge with another smartphone maker.

The two companies are already making a move to make a bigger splash by making major acquisitions.

Samsung bought Motorola Mobility for $12.7 million in July, and in January it bought Nokia for $8.9 billion.

Apple also purchased Beats Electronics for $3.7 trillion in the last quarter of 2016.

Samsung will continue to sell the Galaxy S6 and S6 Edge smartphones and the Galaxy Note5 and Note5 Pro smartphone, respectively.

Both phones will be made by Samsung.

Google will continue selling its Google Pixel smartphone, the first Android smartphone to be sold outside of the US.

The search giant also plans to launch a Google Home smart speaker, which will be available in a series of price ranges.

The new devices will be part of a larger $1 billion investment by Google in a partnership with Nokia, which also owns the phone maker.

Samsung is also planning to release an Android smartphone with more powerful specs than the current Galaxy S5 and Galaxy S7 smartphones, according to The Wall Street Journal.

The Journal reported on Wednesday that Samsung is working with Nokia to bring a phone with a quad-core processor, up to 1.3GHz, to market later this year and that it would launch a smartphone that was “more powerful than the Galaxy devices and will sell for $200 less.”

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