Tuesday, July 25, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Google Adds SOS Alerts to Search and Maps
Porsche Design?s Huawei Watch 2 Costs $925
Average Size of TV Panels Grew to 44.7 Inches in Second Half of 2017, LGD topped the shipment ranking
Snapdragon Neural Processing Engine Now Available
LG Display Outlines $13.5 billion OLED Investment Plan
Microsoft Paint isn't Dead Yet
SK hynix Reports Record Q2 Results on Strong Chip Sales
Alphabet Earns More Cash Despite Antitrust Fine
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 Galaxy J3 and J7 are now Unlocked
Samsung Galaxy Note 8 to debut on Aug. 23
Samsung Pay Gets Paypal Support
Samsung Debuts First Cinema LED Display
Samsung Galaxy A7 Smartphone Released
Samsung and TSMC Are Playing Catch-up to Make the Smallest Chip
Samsung and LG Benefit From High OLED Demand but Strategy Shifts May be Required
Memory Prices Boost Samsung's Record Q2 Profit, Plans Smart Speaker
Samsung releases Rose Pink Edition of the Galaxy S8+
Samsung to Open $380 Million Home Appliance Manufacturing Plant in South Carolina
Samsung Foundry Focuses on 6nm Process to Beat TSMC
Smart Switch App Lets you Move Everything from your Old Phone to a Newer Galaxy Device

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .