Samsung’s chip, screen sales to drive Q4 profit to three-year high: analysts

epa05631874 Members of the media gather in the lobby of the Samsung Group headquarters in Seoul, South Korea, 15 November 2016, after the prosecution reportedly raided Cheil Worldwide Inc., the group's advertising unit, in connection with an influence-peddling scandal involving South Korean President Park Geun-hye's confidante Choi Soon-sil. EPA/YONHAP SOUTH KOREA OUT

SEOUL: Samsung Electronics Co Ltd is likely to forecast its best quarterly profit in nearly three years on Jan 5, analysts said, with robust memory chip sales easing the pain of the costly failure of a flagship smartphone. 

The South Korean firm discontinued sales of the Galaxy Note 7 phones after some of the devices caught fire, warning of a US$2.1bil (RM9.44bil) hit to its profit in the fourth quarter of 2016 due to expenses tied to an ongoing global recall and lost sales.