Samsung Q3 income outperforms despite Note 7 issues


Despite the issues, Galaxy Note 7 reported to generate a higher than estimated income since sales resume. As per the Samsung report, the company has generated an income of 7.8 trillion KRW during the third quarter of 2016 which is 6% higher than that of last year’s 7.4 trillion KRW. Further, it happened despite a 5% drop in sales drop every year.


Some financial analysts calculated that Samsung could have invested around $1.8 billion for Note 7 recall. However, according to an SK Securities analyst, Kin Young Woo, mobile business profit has dropped to the most within the last three-quarters of the year. It seems that these costs were balanced out of Samsung’s Smartphone component business such as memory chips and displays.

As per Kim’s estimate, Samsung could drive a massive growth in the last quarter of the year with the help of these mobile components like chips and displays.


Also Read  Samsung Galaxy S7 Active with 4GB RAM, Snapdragon 820 announced