The Galaxy Note 7 fiasco was definitely one of the most incredible and catastrophic events last year, given the fact that this was a phone that was expected to be Samsung´s most outstanding flagship in its history, and ended up being recalled because the battery of each handset had a problem that makes it explode. Believe it or not, even when this was something that even harmed the South Korean economy, the company doesn't seem to have suffered major damages because of it.
Samsung Would Report A Major Increase In Profits
According to the International Business Times, Samsung announced that is likely to announce a 50 percent increase in profits for the fourth quarter, which clearly represents a huge surprise for everyone who thought that the South Korean company would suffer a major blow because of what happened with the Galaxy Note 7 and the way in which affected its reputation among the customers.
The Key For Surviving The Galaxy Note 7 Fiasco
The most incredible detail is that if the numbers are right and what Samsung reported end up being true, this would be the highest quarterly profit reported by the company since the third quarter of 2013. Apparently, Samsung managed to achieve these extraordinary results after the Galaxy 7 fiasco thanks to its semiconductor and display businesses, which made the South Korean dodge what many considered as the worst moment in its successful history, not only because of the users expectations, but also because of the fact that Samsung is the most important smartphone maker in the world.
According to the BBC, technology consultant with IDC, Bryan Ma, explained that even when almost every single media headlined over the last couple months that the Galaxy Note 7 fiasco would mean Samsung´s doom, no one ever noticed that memory and displays represent are probably the most profitable business for the South Korean giant, given the fact that right now there´s a strong demand for these products.
