Friday, March 29, 2024

Samsung’s chip business kept things looking up to start 2017

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Samsungs Q1 2017 earnings are in, showing the companys highest quarterly profit since Q3 2013. Thats despite the Galaxy Note 7 recall, and a markdown in the price of its Galaxy Note 7, apparently because the companys chip business (making memory, processors and camera sensors for phones) is booming. As a company, it brought home the $8.75 billion in operating profit expected, and looks forward to better results next quarter, since it will include sales of the new Galaxy S8 phones….
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