the company’s Profit Samsung Electronics for the fourth quarter of 2016. grew more compared to the same period of 2015 – filed the concern. This contributed to a record of the division of memory chips and a good smartphone sales, despite the withdrawal from sale of the Galaxy Note 7.
As reported on Tuesday, representatives of the South Korean group, the company’s revenue, net in the period from October to December 2016 amounted to 7.1 trillion won (6.1 billion dollars) compared to 3.2 trillion won in the fourth quarter of 2015.
As reported by AP Financial News, it is more than predicted by analysts, who had expected the amount of 6.52 trillion won. According to the data contained in the message referenced by AP, sales remained at the level of 53.3 trillion won (45.6 billion dollars). Samsung’s operating profit in the last three months of 2016 grew up in that time by 50 percent. and amounted to 9.2 trillion won (7.9 billion dollars), compared with a 6.14 trillion won a year earlier.
the world’s Largest manufacturer of smartphones, TVs and memory chips, announced that its profit in the current quarter will fall slightly because of the “worst TV sales and growth in operating expenses related to mobile devices.”
As noted by the AP, Samsung financial results were better than expected, although the problems of the company involving, in particular, with the cessation of production of smartphones Galaxy Note 7, which was subjected to light up at the same time, that was worth concern, at least $ 5 billion. On Monday, Samsung has indicated that the reason for the refusal of some Galaxy Note 7 was a poorly designed battery, allowing the device przegrzewały and flashed.
Improved results Samsung owes mainly to the semiconductor manufacturing unit, which was more than half of the quarterly operating profit to 5 trillion won ($ 4.3 billion), As indicated by AP, this became possible thanks to growth of demand for memory chips, particularly on the part of manufacturers of mobile equipment.
According to the AP, the financial results of the division of Samsung mobile phones with problems related to withdrawal from the market of Galaxy Note 7 “saved” selling models of the Galaxy S7 and S7 Edge, which was introduced to the market in the spring of 2016, and cheaper models of smartphones Galaxy. In the last three months of 2016, the division recorded an operating profit of 2.5 trillion won (2.1 billion dollars).
the growing demand for mobile devices, as stressed by the AP, increased the demand for high-tech OLED display, which uses an increasing number of smartphone manufacturers. The division of production of these devices, the total operating income in the amount of 1.3 trillion won (1.1 billion dollars).
during the presentation of the results for the fourth quarter of 2016, Samsung is also inscribed their plans for this year. As reported by AP, another “flagship smartphone” the company will use the service based on artificial intelligence that will allow users “to communicate with the phone by issuing a voice command.” This technology is reminiscent of the speech recognition system, Siri used in the iPhone. The group promises that will put on “diverse design” of smartphones. According to the AP, it is most likely a smartphone with a folding screen.
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