Monday, April 23, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Samsung Launches Six Original Series on Samsung VR Video Service on Gear VR
Facebook Says Users Are Not Products, the Social Network Is
European Regulators Investigate Apple's Proposed Acquisition of Shazam
Amazon is Working on Home Robots: report
7nm Volume Production to Fuel TSMC's Profits This Year
Toshiba Weighs Memory Chip Unit Options
Google Chat Launches to compete with Apple's iMessage
ASUS ZenFone Max Pro M1 Brings Great Value Priced at Just $165
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Samsung...
Last 7 Days News : SU MO TU WE TH FR SA All News

Friday, January 06, 2017
Samsung Q4 Profit Beats Estimates Despite Galaxy Note 7 Fiasco


Samsung Electronics posted stronger-than-expected earnings for the fourth quarter ended December last year despite its debacle with the Galaxy Note7 thanks to surge in memory chip prices.



The Korean company announced on Friday that its preliminary operating profit for the October to December period last year soared 76.92 percent on quarter and 49.84 percent on year to 9.2 trillion won ($7.77 billion). It was the highest figure since the third quarter 2013 when it posted 10.16 trillion won in operating profit.

The biggest contributor to this performance was the recovering demand and prices of memory chips. The company was estimated to have earned around 4.5 trillion won to 5 trillion won from semiconductor business in the fourth quarter last year, about 60 percent higher from the same period of the previous year. Prices of memory chips for PCs, of which half of the global supplies are provided by Samsung, have gained nearly 40 percent from the levels of November and are expected to grow another 30 percent in the first quarter.

Despite major setback from the failure of its fire-prone Galaxy Note 7, increasing sales of its other flagships such as Galaxy S7 and Galaxy S7 Edge sustained its IT & Mobile (IM) division which was estimated to have recorded about 2 trillion won in profit.



Previous
Next
Poor Smartphone Sales Fuel LG Electronic's Operating Loss        All News        Google Assistant Coming on Android TVs
Poor Smartphone Sales Fuel LG Electronic's Operating Loss     General Computing News      Google Buys Limes Audio

Get RSS feed Easy Print E-Mail this Message

Related News
Samsung QLED TVs Receive '100 Percent Color Volume' Certification
Samsung Not Interested in Nokia's Health Unit
Samsung to Release Its First MicroLED TVs in 2018
Samsung Galaxy J2 Pro Smartphone Has no Data Connectivity
Samsung 360 Round 3D Video Camera and Samsung DeX Pad Now Available
Samsung Reports Profit on High Memory Sales
Samsung Launches the Notebook Odyssey Z for Gaming
Samsung Notebook 5 and Notebook 3 Target General Users
Samsung Breaks Ground in New Memory fab Line in Xian
Samsung Electronics Shareholders Approve Stock Split, Company Talks About Future for Smartphones, Chips
New Samsung Exynos 7 Series 9610 Mobile Processor focuses on Multimedia
Samsung Expands its 8-Inch Foundry Offerings with New RF/IoT and Fingerprint Technology Solutions

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .