After the great failure that Samsung had with Galaxy Note 7, a considerable drop in the company's profits was expected, but it appears that the company has managed to maintain itself to a certain extent, as the fourth quarter's profit has risen 50% compared to the last three years.
A Samsung Electronics reported on December 30, 2016, that in the fourth quarter of last year its profit rose 50%, compared to 2015 to its highest level in more than three years, exceeding sales expectations of chips and a recovery in the smartphone segment.
The South Korean technology giant said operating earnings from October to December were 7,8 billion, the highest since the third quarter of 2013 and well above that of a Thomson Reuters StarMine SmartEstimate. The estimate was also higher than any individual research forecast.
According to some analysts, the recent depreciation of the won South Korea may have helped boost profits as component sales are typically settled in US dollars. The local currency fell 8,8% against the US dollar in the fourth quarter.
It is important to note that, investors pushed Samsung's shares up for 43% last year, betting on increasing demand for chips of memory and organic screens of light emitting diodes for smartphones, compensating the problem caused by Note 7 and achieved strong growth in profits.
In this case the company was not as bad as predicted by some market analysts.
