Q4'16 Samsung fixed of 9.22 trillion won in operating profit (approx. 7.2 billion dollars), the sale at the level of 53.3 trillion won (approx. 45.8 billion dollars). The Korean giant not only doubled its profit compared with the same period last year, but scored best in this respect, a quarter more than three years.
These numbers have to do impression. Especially when you consider the fact that only a few months after the explosion of the scandal connected with the battery in the Galaxy Note 7. On Monday, before the publication of the results, Samsung organized a press conference which announced the results of an internal investigation relating to defective batteries that were subjected to light up at the same time.
Cause of problems with the Note 7 was a project of the battery. They were just too big. In this regard, was subjected to mechanical damage, especially at the corners.
Samsung makes chips
Good financial results is largely due to the Department, engaged in the production of semiconductors, which in Q4'16 recorded of 4.96 trillion in operating profit, which is almost two times more than in the same period last year. Profit this is due to the growing demand for memory chips. Demand that far exceeds supply, which naturally causes a rise in prices of these components.
the biggest surprise is not, however, altogether a great selling chip, to which we were accustomed, but a very strong reflection of the division for mobile for which the third quarter was absolutely devastating. In Q4/’16 “Department of IT &Mobile Communications” has reached 2.5 trillion won in operating profit (approx. $ 2 billion), while in Q3'16 was only 0.1 trillion won (approx. $ 88 million). Operating profit for the mobile division grew year-on-year, although in this case “only” about 2 percent.
waiting for the Galaxy S8
it Seems that the worst is already behind Samsung. Of course, a PR nightmare related to Note 7 will pull Koreańczykami for many months, if not years. Importantly, the company with Suwon properly reacted to the crisis. Samsung has taken responsibility for his failure, and decided the whole problem is transparent, the proof of which was, in particular, the Monday press conference.
Samsung however, the Real test is still to come. This test, will premiere Galaxy S8. This time the Koreans do not want, however, to hurry. We already know that S8 100 percent will debut at the upcoming Mobile World Congress in Barcelona. This decision is unprecedented, given that in recent years, it was there for the first time showed flagowce Samsung.
When can we expect the release of the S8? Many sources, so many dates. Some suggest that the phone will be presented at the conference in late March, and others, that his debut was postponed to April.
Market calmly accepted the results, published Samsung, although they were better than the expectations of analysts. Stock giant on Tuesday morning to rise 0.26%.
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