Samsung profits up 50% YoY in Q4 2016 despite Galaxy Note7 recall

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Samsung has reported its earnings for Q4 2016, in which the company has made operating profit of 9.22 trillion won ($7.9 billion), up 50.2% YoY for the quarter that ended December 31, 2016. It reported revenues of 53.33 trillion won, almost same as Q4 2015 and net profit of 7.09 trillion won (US$ 6.1 billion), compared with 3.22 trillion won a year earlier. Continue reading “Samsung profits up 50% YoY in Q4 2016 despite Galaxy Note7 recall”