Samsung expects big profit despite Note7 crisis
The financial impact of the Note7 recall seems to be largely behind Samsung Electronics, which on Friday forecast that its profit has grown year-on-year by close to 50 percent in the fourth quarter.
A major proportion of the profit of the largest smartphone company is expected to come from components such as memory chips and display panels, rather than from smartphones, according to analysts, a shift that was noticed in the third quarter as well.
"They were fortunate that their memory and displays businesses could offset the doom and gloom resulting from the Note7 debacle last quarter," said Bryan Ma, vice president for devices research at IDC.
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