Despite the fiasco of Galaxy Note 7, the profits of Samsung bound … – Echoes

Showing analysts its great resilience, Samsung Electronics has announced on Friday that the crisis of the Galaxy Note 7 explosives had not fundamentally undermined its ability to generate record profits. According to first estimates released in the morning, the giant south Korean think you have recorded on the fourth quarter of 2016 to a surge of 50%, year-on-year, its profits operational. On the last three months of the year, the company, as some editorialists, the western described as a rout to the fall, has generated an operating profit of 9.200 billion won, or 7.3 billion euros.

A year earlier, well before the humiliating campaign of reminders of its smartphone faulty, Samsung Electronics had recorded on the fourth quarter ” as ” 6.140 billion won of profits. Its performance by the end of 2016 is required as well as the most solid recorded by the company since the third quarter of 2013.

Good health of the electronic components

If the group does not present the details of income as at the end of the month of January, he confirmed already that the very good health of its divisions producing electronic components is allowed to compensate the results are less spectacular of his unit in managing its smartphones. Samsung Electronics was estimated late last year that the cost of the recall world of Galaxy Note 7, of which several copies had overheated to the point of ignition, would probably cut off the profits of his business “mobile” to 2.500 billion won (2 billion euros) on the last quarter of 2016. The whole of the crisis it would have cost, recall, compensation and other sales, and lost nearly 5 billion euros between September 2016 and march 2017.

in recent months, the group confirmed its domination in the segment of memory chips NAND and DRAM, it provides a number of major brands of electronics, and slabs on OLED screens, as it also control companies such as Apple. The future iPhone 8 the u.s. company will be equipped with screens to the south Korean producer. Many contracts that enable the divisions in charge of the semi-conductor to generate, in and of themselves, half of the profits of Samsung Electronics. The news agency Yonhap also believes that they have registered to 4,500 billion won of profits in the last quarter of 2016.

to be Convinced that these divisions will continue to perform in 2017, investors were making progress on this Friday noon the title of Samsung Electronics by 2% in the square of Seoul. The action of the giant is trading now at a price higher than the 7% to that to which it moved before the fiasco of the Galaxy Note 7.