Samsung is coming out of its greatest crisis business, when the reports about the fire’s Note 7 forced the Korean company to remove from the market their device more cost-effective.
(Bloomberg).- Samsung Electronics Co. highlighted the resilience of your business by reporting its best operating profit in three years, and to resist to the death of its Galaxy Note 7 thanks to the divisions of chips and screens, and smart phones cheaper.
The world’s largest manufacturer of mobile devices saw an increase of 50% in their operating profits quarterly, after the demand of chinese brands of smart phones made to raise prices of memory chips, and drove the unit that manufactures screens, organic light emitting diodes (LED). Also Samsung tweaked a line most old phones with new colors and functions, which helped to overcome the absence of the Note 7.
Samsung is coming out of its greatest crisis business, when the reports about the fires in the Note 7 forced the Korean company to remove from the market their device more cost-effective. Still have not been given to know the results of the research later in the episode that will cost Samsung more than US$ 6,000 million and assured Apple Inc. the leadership in devices for the premium season of the year-end holidays. Now is counting on your next phone repair its reputation.
"In spite of the vacuum that produced the Note 7, Samsung managed to economise with the strong sales of the S7," said Lee Seung-woo, an analyst at IBK Securities Co. in Seoul. "After a landing more quiet in the first quarter, Samsung is on track to get a winning record in the June quarter, to bring to market the S8".
The operating revenue amounted to 9.2 trillion won (US$ 7,800 million) in the quarter ended in December, its largest gain in three years, according to the preliminary results of the company with headquarters in Suwon, South Korea, presented Friday. This compares with the average of the estimates made by the analysts of the 8.29 trillion won, and that Bloomberg has compiled in the past four weeks.
shares of Samsung were up 43% in 2016, breaking a losing streak of three years. Samsung, which makes most of the sales of components in us dollars, also benefited with a Korean won more weakened. The u.s. dollar appreciated to 1,157.4 on average during the fourth quarter, compared with 1,121.4 won in the last three months, according to data from the Bank of Korea.
Samsung has this year with their flagship Galaxy line S to turn the troubled division of mobile telephony. The next iteration of the phone would be designed for a screen with less frame, and a digital assistant with voice. However, the company has also warned that the slowdown of key markets and a growing uncertainty associated with protectionism and currency fluctuations.
sales came in at 53 trillion won in the quarter, the company said, which compares with 52.1 billion that analysts had expected. Not going to give you the net gain or it is going to break down the performance by divisions until publication of the final results more toward the end of this month.
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