Samsung Electronics Posts $7.8 Bn Q4 Profit Estimate

Samsung Electronics posts $7.8 bn Q4 profit estimate

SEOUL, Jan 6, (UrduPoint / Pakistan Point News - 06th Jan, 2017 ) - samsung Electronics on Friday posted a strong fourth-quarter profit estimate despite a fiasco with its flagship smartphone. The world's largest memory chip maker estimated its operating profit in the October-December period at 9.

2 trillion won ($7.8 billion), up 49.8 percent from a year earlier.

Analysts predicted large sales of memory chips and smartphone screens would contribute to a strong surge in the company's earnings growth despite a global recall of the Galaxy Note 7 smartphones.