Do you sometimes wonder how certain things happen against all odds? That’s how rival companies are feeling about Samsung’s record profits during the fourth quarter of 2016, a time in which Sammy was still recovering from its Galaxy Note 7 woes.
Surprising? Not really, as long as you’re up to date with Samsung’s other ventures. It was the manufacturer’s components business, which includes the memory and display panel segments, that did most of the profit driving. Apparently, the demand for the brand’s OLED and LCD screens, as well as its flash storage modules, were at an all-time high.
The total Q4 2016 profit of KRW 9.22 trillion, or about $7.9 billion, is Samsung’s largest profit jump in three years. That number is also roughly 50 percent higher than the same period in 2015. Of course, not wanting to shame its smartphone segment, the Korean company mentioned how important Galaxy S7 and S7 Edge sales were in boosting profits.
The situation is similarly to Sony’s, wherein the Japanese company gains most of its revenue from PlayStation and camera sensor sales, instead of from the smartphones and televisions it keeps pushing. Goes to show that putting all eggs in one basket isn’t wise in this industry.
With the Galaxy S8’s official unveiling at the end of March and the pending revival of the Galaxy Note brand, Samsung could be looking at even greater profits in the coming months.