Samsung makes significant profit by the end of 2016 despite Note 7-misery – DutchCowboys

Samsung has a difficult year behind him as the PR goes, but the profit is not visible. The Korean company knew, despite the problems with the exploding Note 7-phones the best result of the last three years to put down in 2016 with an income of almost € 7.5 billion in the last quarter of 2016., so reports Bloomberg.

That increase is mainly due to the business of Samsung behind the scenes. Not that the sales of the Galaxy S7 against his cases, but the loss of the Note 7 and the extra cost of the recall offset. The most money was earned in the chip business, largely because there is a light shortage and the price of the components that Samsung sells, therefore, increased.

But also the display division, which OLED screens makes it does well. That has everything

to do with the ever-increasing number of gadgets that these screens will be used, including VR-glasses, and (if we have the rumors are to be believed) the new iphone from rival Apple, which despite all of the hassle not to be troubled is to Samsung order parts. That means below the line that Samsung is still nothing to complain about, despite the setbacks of 2016.