Just In
- 9 min ago A Win for Pixel Users: Google’s Pixel 8 Will Get Gemini Nano After All With the Next Feature Drop
- 41 min ago Garena Free Fire Max Redeem Codes for March 29, 2024: Get Access to the Latest In-game Loot
- 1 hr ago Apple iPhone 16 Massive Leaks Reveals an Impressive New Camera Module, Capture Button, and More
- 2 hrs ago Xiaomi SU7 EV Launched in China: 3 Variants Available, Starts at $30,000
Don't Miss
- Automobiles Xiaomi SU7 Electric Sedan Variant Details – All You Need To Know
- News PM Narendra Modi Meets Bill Gates, Talks About Need For Digital Bridge, Cons Of AI-Generated Deep Fake Content
- Lifestyle Personality Traits Of April Born Babies: From Being Witty, To Charismatic And More, They Are Full Of Sheer Joy
- Education TANCET 2024 Results released: Know how to check
- Movies Tillu Square Full Movie Leaked Online In HD For Free Download Within Hours Of Its Hyped Theatrical Release
- Sports Pakistan vs Ireland T20I Series Full Schedule: Three matches for Men in Green Ahead of T20 World Cup 2024
- Finance Good Friday 2024 Holiday: Are Banks Open On March 29 In India?
- Travel Explore Tamil Nadu's Diverse Wedding Venues
Samsung's Q4 profits jump due to memory chip and smartphone sales surge
Samsung has recorded its biggest leap in profits for three years, going up by 50 percent year-on-year, showing that there is far more to the company than the Galaxy Note 7 saga.
Despite 2016 saw Samsung recalling its Galaxy Note 7 phone for safety reasons, the discontinuation of the flagship still didn't stop the company from having a solid financial report for that time period.
While it seemed that Samsung would have faced a marginal loss but contradictorily Samsung has just reported an operating profit of 9.22 trillion won ($7.93 billion) for the quarter. And these numbers are in fact slightly higher than the company's prior procurement of 9.2 trillion won.
Comparatively the profits have gone up 50 percent this time. Surprisingly, Q4 2016 was Samsung's most profitable quarter in three years.
Samsung announces 8-Point Battery Safety Check for all new devices
Samsung has posted the revenues for the quarter and has said that the company reached 53.33 trillion won ($45.8 billion), which is again slightly higher than the company's previous operating profit of 53 trillion won.
The company has stated that the fourth quarter earnings were driven by the components businesses, mainly the Memory business and the Display Panel segment, which manufactures OLED and LCD screens. Also, robust sales of high-end, high-performance memory products and expanded process migration in V-NAND, plus strong shipments of OLED and large-size UHD panels were also the main contributing factor to Samsung's profitability.
In addition, coming to the mobile segment, Samsung has said earnings went up compared to a year ago, thanks to solid sales of its Galaxy S7 and Galaxy S7 edge phones, along with higher profits for its budget and mid-range devices.
Redmi Note 4: 2 lakh units of Xiaomi phone sold in minutes
Well, in the end, it looks like it actually did not turn out that bad for the South Korean-based business.
Having said that, for 2017, Samsung has assured that the company will continue to innovate both in software and hardware across its entire line-up while prioritizing consumer safety and at the same time deliver products that will strengthen its leadership in the premium market.
Click Here for New Smartphones Best Online Deals
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
68,999
-
23,990
-
1,25,999
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
11,999