Samsung announced fourth quarter operating profits of $7.9 billion in its earnings call on Tuesday, 50 percent higher than the same period a year ago.

The number was in line with Samsung's guidance earlier in the month and reflects record-high earnings from its memory chip division, glossing over the company's fire-prone Note7 woes, which are said to have cost it at least $5 billion since the third quarter.

But the results also come on the back of strong sales of the company's Galaxy S7 and S7 Edge phones, apparently confirming reports that suggested most consumers stayed loyal to the brand despite the absence of the Note7, which was considered to be the closest rival to Apple's iPhone 7.

samsung-800-new
Samsung said its mobile division generated $2.1 billion in operating income over the last three months of 2016 – an increase of 12 percent over Q4 2015 – while its display business racked up $1.1 billion, thanks to rising demand for the company's OLED mobile displays. (Samsung is also said be the sole supplier of the displays for the 2017 iPhone 8.)

During Samsung's conference call, the company offered a preview of its mobile business plans for the year. As expected, Samsung said its next round of smartphones would include voice-activated artificial intelligence features – leaks suggest the Siri-like feature will be called "Bixby". The South Korean firm also said it would be releasing a phone with a "differentiated design", leading some to speculate that a rumored foldable handset is almost ready for market.

The results appeared unaffected by the scandal surrounding Samsung president Park Geun-hye, who is under investigation over alleged bribes paid to an associate to win support for a merger of affiliates in 2015.

Tag: Samsung

Top Rated Comments

djcerla Avatar
73 months ago
Serious question(s). Can you provide evidence on why Samsung is corrupted? Are other companies less corrupt than Samsung or are you fear mongering?
It's all ('https://qz.com/888609/samsung-heir-lee-jae-yong-avoids-arrest-in-south-koreas-bribery-scandal/') pretty well known ('http://www.independent.co.uk/news/world/asia/tax-evasion-bribery-and-price-fixing-how-samsung-became-the-giant-that-ate-korea-8510588.html').

But when your company represents 33% of the GDP of your country, you basically are the country, and countries don't go to jail.
Score: 6 Votes (Like | Disagree)
triton100 Avatar
73 months ago
What makes this accounting report creative? The way I see it is the S7 likely did very well and helped maintain sales with the Note unavailable.

Serious question(s). Can you provide evidence on why Samsung is corrupted? Are other companies less corrupt than Samsung or are you fear mongering?
I don't have time to dig out specific research reports though I'm sure they are fairly easy to find. Samsung is generally known for manipulating their sales figures in a multitude of creative ways in order to appease share holders and create a hologram of earnings growth.

They run the country. If Samsung go down. Heads roll. Literally.

Yes some other companies are corrupt. In this world you have good. You have bad. In all walks of life. Doesn't make it acceptable.

The company that wrote an internal manual on how to copy the iPhone deserves no respect.
Score: 3 Votes (Like | Disagree)
cdmoore74 Avatar
73 months ago
Why are so many people butt hurt that Samsung is doing good? Even after one of the most disastrous phone launches in gadget history they still managed to kick butt and take names. Demand for the Note line is so high their still keeping the name Note 8 for their next flagship phablet.
I have a iPhone 7 Plus but I welcome the competition in 2017. If Apple releases another "S" model I'm jumping the Apple ship. I can already guarantee that Note 8 will be phone of the year by many in the industry and the biggest seller that Samsung ever had. With the S8 and Note 8 Samsung will be unstoppable unless the competition can fight back. This is what competition is all about!!!
Score: 2 Votes (Like | Disagree)
triton100 Avatar
73 months ago
Creative accounting at it's best.

One of the most corrupt companies around today.
Score: 2 Votes (Like | Disagree)
44267547 Avatar
73 months ago
Creative accounting at it's best.

One of the most corrupt companies around today.
What makes this accounting report creative? The way I see it is the S7 likely did very well and helped maintain sales with the Note unavailable.

Serious question(s). Can you provide evidence on why Samsung is corrupted? Are other companies less corrupt than Samsung or are you fear mongering?
Score: 2 Votes (Like | Disagree)
69Mustang Avatar
73 months ago
Creative accounting at it's best.
Huh? And here I thought most of the creative accounting occurred in Ireland.:rolleyes:

On topic: Their decent quarter is more easily explained by the facts ('https://9to5google.com/') (9to5 link contains actual statement) in the post instead of creative accounting. I mean, if they were so creative, they should have been using that creativity when they were reporting multiple successive quarters of decline. The S7/Edge was a success. Their chip division was a success. Their dispaly division had great success (Apple orders? Can't say for sure, but I think so). The Note fiasco hurt, but the Note was never their bread and butter. It has always been their S series. Their next quarter may not be as bright since they got kicked in the balls by Sharp/Foxconn when Sharp cancelled all their orders for LCD panels (TV's). That was pretty sneaky, but just business.

tl;dr schadenfreude must be found elsewhere.:)


One of the most corrupt companies around today.
Samsung's history isn't germane to the topic.
Score: 1 Votes (Like | Disagree)

Popular Stories

iPhone 14 Dummies 1 Feature

Everything Rumored for Apple's September Event: iPhone 14, Apple Watch Pro and More

Friday August 12, 2022 2:34 pm PDT by
There's just about a month to go until Apple holds its annual September event focusing on new iPhone and Apple Watch models. We thought we'd take a quick look at everything that's rumored for Apple's September event to give MacRumors readers a rundown on what to expect when the first fall event rolls around. iPhone 14 The iPhone 14 can probably be described more as an "iPhone 13S" because...
airpods pro black background

AirPods Pro 2: Five New Features and Improvements to Expect

Sunday August 14, 2022 3:28 pm PDT by
Apple's second-generation AirPods Pro are finally nearing launch, with a release expected later this year. If you are considering upgrading to the new AirPods Pro once they are released, keep reading for a list of five new features to expect. In addition to all-new features, the second-generation AirPods Pro will likely adopt some features added to the standard AirPods last year. H2 Chip ...
z fold 4 1

Hands-On With Samsung's Latest Foldable Smartphones, the Galaxy Z Fold and Z Flip

Friday August 12, 2022 12:46 pm PDT by
Samsung this week launched its fourth-generation foldable devices, the $1,000 Galaxy Z Flip and the $1,800 Galaxy Z Fold. Though there's no sign of a comparable Apple foldable device on the horizon, rumors suggest prototypes are in the works, so we thought we'd take a look at Samsung's newest smartphones to see what Apple needs to measure up to when a foldable iPhone does come out. Subscribe ...
top stories 13aug2022

Top Stories: New Battery Percentage Icon in iOS 16, USB-C AirPods Rumor, and More

Saturday August 13, 2022 6:00 am PDT by
This week brought some shocking news for iOS 16 beta testers, with Apple bringing back the iPhone battery percentage to the status bar after a number of years. Other news and rumors this week included word that Apple has started recording portions of its media event planned for next month to introduce the iPhone 14 and Apple Watch Series 8, claims about iPhone 14 Pro pricing and Apple's...
iCloud General Feature

Apple Remains Silent About Plans to Detect Known CSAM Stored in iCloud Photos

Saturday August 13, 2022 1:52 pm PDT by
It has now been over a year since Apple announced plans for three new child safety features, including a system to detect known Child Sexual Abuse Material (CSAM) images stored in iCloud Photos, an option to blur sexually explicit photos in the Messages app, and child exploitation resources for Siri. The latter two features are now available, but Apple remains silent about its plans for the CSAM...
apple watch se

Apple Watch SE vs. Apple Watch Series 8: New Features to Expect If You've Waited to Upgrade

Monday August 15, 2022 2:44 am PDT by
The Apple Watch SE was announced in September 2020 and has been a popular Apple Watch model for customers looking for their first smartwatch or an affordable Apple Watch. Apple Watch SE customers may be wondering, however, what's in store for them with the upcoming Apple Watch Series 8 and what new features they can expect. Continue reading to find out. Apple Watch SE vs. Apple Watch Series ...