advertisement
advertisement

Samsung’s thriving chip business eased the pain of the Note 7 debacle, earnings report shows

• Samsung’s overall operating profit was up by 50% to 9.22 trillion won ($7.93 billion) in the October-December quarter, up from 6.14 trillion won last year, fueled mainly by a strong chip business.  • After the nightmarish experience of the Galaxy Note 7 recall, the company’s mobile phone business took a small but significant hit in … Continue reading “Samsung’s thriving chip business eased the pain of the Note 7 debacle, earnings report shows”

advertisement
advertisement

• Samsung’s overall operating profit was up by 50% to 9.22 trillion won ($7.93 billion) in the October-December quarter, up from 6.14 trillion won last year, fueled mainly by a strong chip business. 

advertisement

After the nightmarish experience of the Galaxy Note 7 recall, the company’s mobile phone business took a small but significant hit in the quarter. Smartphone sales were off 6% to 22.65 trillion won ($19.43 million). 

• Samsung’s chip division killed it again this quarter with operating profit up 77% to 4.95 trillion won versus the year-earlier period.

(Samsung recalled its Galaxy Note 7 phones in October after numerous reports of the device’s battery exploding.)

About the author

Fast Company Senior Writer Mark Sullivan covers emerging technology, politics, artificial intelligence, large tech companies, and misinformation. An award-winning San Francisco-based journalist, Sullivan's work has appeared in Wired, Al Jazeera, CNN, ABC News, CNET, and many others.

More